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FPO Announced the Monthly Economic Report for January 2009
Mr. Somchai Sujjapongse, the director general of the Fiscal Policy Office (FPO), and Mr. Dr. Ekniti Nitithanprapas, the FPO???s expert on Macro-Economic, announced the Monthly Economic Report for January 2009 that the GDP in the first quarter of 2009 may be worsen than -4.3% in the fourth quarter of 2008 due to the contraction of import (-37.6%) and export (-26.5%) resulting from a weak domestic consumption and private investment. However, overall economic stability remained in a good condition with the core inflation rate of -0.4% and a low unemployment rate at 1.4%, at Poey Ungpakorn Auditorium, the Fiscal Policy Office, February 26 2009.
