BANGKOK, Sept 4 – The Thai Chamber of Commerce (TCC) has urged the government to map out economic stimulation strategy in light of global economic slowdown which has severely affected Thailand’s export.
Pumin Harinsut, TCC vice president, said Tuesday that the government should speed up plans to cope with consequences from the US and euro-zone economic crisis, which has affected Thailand’s export in the first seven months of this year when export had been 0.4 per cent lower.
The export value was US$131.8 billion while import has increase 10.5 per cent at a value of US$143.89 billion, he said, reporting a trade deficit of US$12 billion.
The TCC wants the government to stimulate the country’s economy to a 5-6 growth percentage, Mr Pumin said.
He said the government must urgently execute various measures including financial injection through state projects especially water management, infrastructure construction, border trade, stable exchange rate, tourism promotion, political stability and energy prices which have a direct impact on cost of living and production cost.
