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Economic workshop scheduled on Friday

Prime Minister Yingluck Shinawatra

Prime Minister Yingluck Shinawatra

Prime Minister Yingluck Shinawatra is calling for a workshop on Friday, where proposals to boost the economy in the latter half would be discussed.

Deputy Government Spokesman Phakdeeharn Himathongkham said that the Cabinet today was briefed by the National Economic and Social Development Board on the economic indicators in May and outlook in the remaining months of this year.

The prime minister said that at the workshop on Friday, which will be attended by ministers, they will discuss in length on the economic outlook and possibility of stimulus measures.

To be represented at the workshop are initially the ministries of Agriculture, Commerce, Finance, Industry and Interior.

China’s slowdown, debt crisis in the euro zone and unstable recovery in the US economy are now pressuring growth in emerging markets, particularly China - of which demand helps boost Asian economies including Thailand. China consumed over 10 per cent of Thailand’s exports in the first four months of this year. Its demand for Thai exports dropped sharply in May.

The Thai economy expanded 6.4 per cent last year, due mainly to stimulus measures including the first-car buyer scheme.


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