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PM confident economy is recovering, welcomes Bloomberg boost

PRIME Minister Prayut Chan-o-cha is pleased that Thailand topped a Bloomberg study of 17 developing markets gauging their outlook for 2021 pointing out that this is a result of various economic stimulus measures and will boost confidence in trade and investment in the new year, Siam Rath newspaper reported today (Dec. 21).

The Bloomberg report, entitled “China Lags as Thailand, Russia rank top emerging market picks,” says this study, based on 11 indicators of economic and financial performance, placed Thailand at the top of the list owing to its solid reserves and high potential for portfolio inflows, while Russia scored No. 2 thanks to robust external accounts and a strong fiscal profile, in addition to an undervalued ruble. China scores fairly poorly given that high expectations are already baked in, while Brazil is a laggard due to a mounting fiscal deficit and debt concerns.

Mr. Anucha Buraphachaisri, a spokesman for the Prime Minister’s Office, said while the Bloomberg report mentioned concerns about Covid-19 vaccination distribution and the impact of this deadly disease on developing countries, including Thailand which relies on tourism industry, Gen. Prayut underscored that the government is well-prepared to deal with these issues.

Where public health is concerned, the government has taken action to control the spread of the disease while having promoted cooperation with partners and allies in research, development and production of vaccines.

Vaccines will be a public commodity and all people in this country will have access to them, he added.

Where the overall economy and the tourism sector in particular is concerned, the government has prepared and implemented measures to revive them, he pointed out.

CAPTION:

Top: Prime Minister Prayut is happy Thailand topped the Bloomberg study. Photo: Siam Rath

 

Nina
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