Thailand's Deputy Prime Minister Olarn Chaipravat, said on Wednesday that the Thai government is trying to raise this year's economic growth by at least five percent because a percent lower could leave more than 400,000 people unemployed.
Olarn, who is tasked to manage economic issues, said the Thai government is striving to achieve this year's economic growth target at five percent because if the economy faces a setback and its growth in 2009 is lower than four percent, up to 600,000 people could be out of jobs.
Meanwhile, Prime Minister and Defence Minister Somchai Wongsawat affirmed that the government is concerned over the economic crisis but expressed confidence that all of its measures can prevent it from worsening.
Somchai said funds will be allocated to different ministries to help spur the economy.
On Wednesday morning, the Thai government called a meeting with relevant units to discuss various economic projects including Small, Medium and Large (SML) Village Funds and One-Tambon (sub-district) One-Product project. Olarn and Finance Minister Suchart Thadathamrongvej attended this meeting.
Source:Xinhua
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