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`Disinflation' Good for Thailand Investment.
Byline: Wichit Sirithaveeporn
Nov. 2--The domestic economy is not facing deflation but disinflation, which is good for local investment, says Wisudhi Srisuphan, the new director-general of the Fiscal Policy Office.
Deflation means a fall in the general price level while disinflation means a period of slower inflation.
Economic indicators show that lower inflation is not caused by a decline in domestic demand but by falling prices of exports, which reflect falling local prices of products.
While inflation in September was 0.4 percent year-on-year, the growth of consumption and investment in the private sector did not slow down. As a ...
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Source: HighBeam Research, `Disinflation' Good for Thailand Investment.