UTCC says people satisfy with government’s economic policy

BANGKOK, September 17 (TNA) -- A Thai government’s decision to inject about 200 billion baht to boost the country’s economy would help economic growth to expand between 3 – 3.1 per cent while the Bank of Thailand and several other agencies have projected that the money injected is not fast enough and growth could be less than 3 per cent. Saowanee Thairungroj, rector of University of Thai Chamber of Commerce (UTCC), said her university conducted a survey among 1,200 people and 600 business entrepreneurs between September 9 -13 and found that 68.8 per cent and 75.4 per cent of the people and entrepreneurs respectively believed the government’s economic stimulus measures could lift the country’s economy. Separately, Thanawat Polvichai, vice rector and also director of the university’s Economic and Business Forecast Centre, said general public and business operators are satisfied with the government’s economic stimulus measures. They believed Thailand’s economy which is confronting several negative factors including declining farm product prices and sluggish global economy could improve slightly. However, most respondents said they knew very little of the government measures and organising a roadshow could provide hope to people. Many of them are wondering when the government would inject the money, according to the survey. (TNA)