Picture News FPO Announced the Monthly Economic Report for August 2008 Mrs. Pannee Sathavarodom, the director general of the Fiscal Policy Office (FPO), Mr. Kanis Saengsuphan, the director of Fiscal Policy Research Institute and Mr. Akeniti Nititanprapas, the director of Macroeconomic Analysis Bureau, the Fiscal Policy Office (FPO), announced the Monthly Economic Report for August 2008 that Thailand???s overall economy expanded at a decelerated pace due to slow down in domestic and external demands. However, economic stability improved from lower inflation given declining oil prices and the impact from six months government economic stimulus package. While Thai economy for 2008 is forecasted to grow at 5.1 percent per year, lower than the earlier June 2008 forecast at 5.6 percent per year, at Press Release Room, Ministry of Finance, September 25 2008.

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