Posted on 15 Apr 2009
The GDP for 2009 would would decline beyond the -2.5% to -3.0% earlier expected be caue of the rioting by the red-shirt group, Finance Minister Korn Chatikavanij said on Tuesday.
Mr Korn said the Ministry of Finance would revise its GDP growth estimate for the year as it was certain that from tourism and exports would fall as a consequence of the unrest.
The minister said the government would now need to redouble its efforts on the economy, but it would continue to push forward.
He planned to clarify the government’s investment schemes and the country’s economic potential with investors and foreign agencies at the coming meetings of the World Bank, the Asian Development Bank and the Asea+3 finance ministers’ meeting in Bali, Indonesia.
He would also meet with investors in the
Mr Korn said he felt troubled by former prime minister Thaksin Shinawatra’s actions, and said the public should exercise a sense of reason when going over news reports.
