The government reveals the state of the Thai economy is better than expected Show Fitch maintains credit rating. The mob has stumbled.



Anucha Buropchaisri, Spokesperson for the Prime Minister's Office Revealed from the World Bank's Doing Business 2020 ranking of Thailand at 21 out of 190 countries, a six-year improvement and the best of Thailand in the past six years, reflecting that the Thai economic structure is adjusting. To support the industrial production base with high value added in both 10 + 2 target industries As a result of government efforts Many agencies reduce the approval process. Digital adoption And improvement of regulations To be conducive to increasing the competitiveness of the country
While Fitch Ratings (Fitch) maintained the Sovereign Credit Rating at BBB + and the Outlook of Thailand was at a stable level from 3 key conditions as follows: 1 Fiscal sector and foreign financial sector at high level Able to accommodate the dynamics and volatility of the economy Including the impact of the COVID-19 outbreak 2) Strong public finance sector. From maintaining fiscal discipline in strict adherence to the State Fiscal Discipline Act of 2018 and With a current account surplus And the international reserves are high.


“The economic figures contracted lower than previously projected. The Ministry of Finance reported that the Thai economy for 2020 contracted at -7 percent, lower than the previous forecast of -8.2 percent to -7.2, partly due to the government's continued stimulus measures. Through the project to increase the purchasing power for the government welfare card holders, the "half for one person" project, the "Shop Dee Me Night" project, the happiness trip project. Including slotxo various projects from the Loan Decree that will be gradually implemented Provide employment And income distribution Which is now beginning to show signs of an improvement in the economy. The government has taken steps to restore the economy through short-term and long-term measures. To mitigate the effects of the epidemic of COVID-19 And allow the Thai economy to move forward


But the current protests are of great concern to the government. That will have an impact on the economic drive that is progressing well to stumble. And will affect the shopping atmosphere of the people And affect investors' confidence, "said a government spokesman.