Thai government strives to raise this year's economic growth
29/10/2008 17:16
Thailand's Deputy Prime Minister Olarn Chaipravat, said today that the
Thai government is trying to raise this year's economic growth by at least five
percent because a percent lower could leave more than 400,000 people
unemployed.
Olarn, who is tasked to manage economic issues, said the Thai
government is striving to achieve this year's economic growth target at five
percent because if the economy faces a setback and its growth in 2009 is lower
than four percent, up to 600,000 people could be out of jobs.
Meanwhile,
Prime Minister and Defence Minister Somchai Wongsawat affirmed that the
government is concerned over the economic crisis but expressed confidence that
all of its measures can prevent it from worsening.
Somchai said funds will be
allocated to different ministries to help spur the economy.
This morning, the
Thai government called a meeting with relevant units to discuss various economic
projects including Small, Medium and Large (SML) Village Funds and One-Tambon
(sub- district) One-Product project. Olarn and Finance Minister Suchart
Thadathamrongvej attended this meeting.
Xinhua
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