Treasury indicates the Thai economy in the third quarter recovered better than expected. Consume - invest in the government sector to help support
Mr. Pornchai Thirawet, Economic and Financial Advisor The Fiscal Policy Office (FPO), as Deputy Spokesperson for the Ministry of Finance, revealed that the Office of the National Economic and Social Development Council (NESDB) or NESDB เกมสล็อตฟรี announced the rate of GDP growth of Thailand in the third quarter of 2020 that The Thai economy contracted at -6.4% per year, better than previously expected. And improved from the contraction of -12.1% in the second quarter of 2020 per year. The Thai economy expanded at a high 6.5% per quarter after adjusting for seasonal results. Indicating that the Thai economy has passed its lowest point.
The key factors contributing to the recovery of the Thai economy in the third quarter of 2020 are:
1) Government spending and public investment accelerated at 3.4% and 18.5% respectively (when adjusted for the seasonality, growth of 2.3% and 6.3% compared to the previous quarter, respectively) as a result. From accelerating disbursement in the second half of the fiscal year And expansion in both investment in construction and machine tools
2) Private final consumption expenditures contracted at -0.6%, improved from -6.8% contraction in the previous quarter, reflecting the return of private consumption to normal levels. and
3) Exports of goods contracted -7.7%, improved from -15.9% in the previous quarter, with exports to the US market expanding well, led by major industrial products such as canned and processed fish Rubber, animal feed, electrical appliances And furniture etc.
For the implementation of measures in the next phase Will focus on supporting economic expansion Maintaining employment levels Accelerating government spending and stabilizing fiscal stability To support the continual and sustainable recovery of the Thai economy
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