Pheu Phum apologizes for 'unintelligent people' issue, admits miscommunicatio...
Phao Bhum admitted that yesterday's speech was too short, insisting that he did not look down on investors, but explained that the Thai stock market situation did not reflect the economic fundamentals, insisting that the Thai economy is recovering strongly.Advertisements
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Deputy Finance Minister Paopum Rojanasakul clarified the issues he spoke about yesterday (4 March) that the intention was not to criticize investors but to communicate about the economic recovery. He stated that it was necessary to clarify two main issues: the communication was too short and the stock market did not reflect the true economic picture.
The Ministry of Finance has a duty to manage rcs data hong kong the economy and build confidence among investors with factual information.
There were two problems with what happened yesterday:
1. Communication that is too short
2. The content does not match the intended message. If there is any discrepancy, I apologize. I want to explain the Thai economic situation in the context of the stock market, which the current stock prices do not reflect the true economic fundamentals.
The Ministry of Finance forecasts that GDP in the first quarter of 2025 will grow by 3.4%, the highest quarterly growth rate in 10 quarters.
This confirms that the Thai economy is on an upward trend, as can be seen from the direction of the Thai economy in 2024, considering the quarterly GDP growth figures that have continuously increased as follows:
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