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FPO Announced the Fiscal and Economic Report for the First Half of 2008 and Thailand???s Economic Trend for the Second Half of 2008
Mrs. Pannee Sathavarodom, the director general of the Fiscal Policy Office (FPO), and Mr. Kanit Sangsuphan, the director of Fiscal Policy Research Bureau, the Fiscal Policy Office (FPO), jointly announced the fiscal and economic report for the first half of 2008 and Thailand???s economic trend for the second half of 2008. In summary, Thailand???s economy remained strong and the first round of the stimulus measures has helped consumption, investment, real estate sector to expand well. Therefore, additional stimulus measures may not be necessary. Thai economy grew at 5.9% in the first half of the year and expected to grow at 5.5% for the whole year if the oil price remains stable at $130 - $140 per barrel, The 5.5% economic growth is high enough to allow the government not to set up a budget deficit of 50,000 million baht for the fiscal year 2009, at Press Release Room, Ministry of Finance, July 21 2008.
