Deputy PM believes his economic measures is raising Thai GDP by over 3%

BANGKOK, Nov 18 (TNA) -- Deputy Prime Minister Somkid Jatusripitak who supervises economic affairs expects his economic stimulus measures can result in the Thai economy growing by more than 3% this year on the condition that the Chinese economy is stable. During his speech on "Thailand's New S-Curve" in Bangkok on Nov 18, Mr Somkid said his economic team had launched three packages of stimulus measures since it had started its work about three months ago. They consisted of money to villages, sub-districts and small local development projects; assistance for small and medium-sized enterprises; and measures to stimulate the property sector. Through those measures the government spent altogether 60 billion baht and the sum caused 500 billion baht to change hands in the national economy, Mr Somkid said. He expected the money to be distributed well in the nation in the last quarter of this year. If there was not any untoward incident in China, the Thai gross domestic product should rise by more than 3% this year, Mr Somkid said. He planned to set up a fund and conduct road shows to promote investment in the country, saying 2016 would be the year of investment in Thailand. (TNA)