Deputy PM Olarn sees government's six measures lifting GDP by 4% in 20

enews.mcot.net — Thailand's Deputy Prime Minister Olarn Chaipravat expressed confidence that the six economic stimulus measures being planned by the government will make the Thai economy grow by 4 per cent and exports expand by 5 per cent in 2009 amid global economic gloom. Speaking at a seminar on the outlook for Thai agricultural products during global recession on Saturday, Dr. Olarn described the government's package of six economic stimulus measures as a perfect prescription for the Thai economy to grow at least 4 per cent next year – against a general prediction of 2-3 per cent which takes into account the impact of the global recession. The package of economic stimulus consists of help for the capital market, credit liquidity injection for state-owned banks; the quick disbursement of budgeted public expenditures; export and tourism promotion, spending on mega-projects and formation of an Asia-wide contingency fund.

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