Global economic crisis worrying Thailand
Bangkok
(AsiaNews) - Keeping the currency under control, reducing unemployment and
maintaining stable prices for fuel and resources: these are the keys to
preserving Thailand from the global economic crisis, according to Kitirat Na Ranong,
the Thai Finance Minister. The minister
admits "concern about what is happening in Europe," especially
"for the possible impact on our nation. Though the European leaders of major countries
has determined on how to solve the problems it is necessary that Thailand
should set up ways to cope with the problem. "
Between
May and June, unemployment levels remained fairly high, also due to recently
graduated university students swelling the ranks of jobseekers. According
to national research, the jobs available on the market do not correspond to the
graduates' qualifications. To
address this question, the Ministry of Finance has passed the ball on to the
Ministries of Labor, Industry and Education.
In
terms of economic growth, Somchai Sjjapong, director of fiscal policies of the
Bank of Thailand, notes that "in the first quarter of 2012, there was a
growth of just under 2%, after dropping to -9% in 'last quarter
of 2011 due to floods. " For
this reason, according to analyst the problems associated with a dry season,
gasoline prices in the global market and economic crises of the various
countries "are factors to be monitored as they may have repercussions on
the Thai GDP."
Nevertheless,
GDP has registered a growth of 4.5%, which should reach 5% next year. To
support this positive trend, says Kiriya Paopijit, economist for Southeast Asia
at the World Bank, "it is essential that Thailand focus on exports." With
these, he adds, "the revenue should be 16.8% of GDP, expenditure by 22.8%,
with a public debt 42.1%."
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21/01/2019 11:21
