ECONOMY
Car scheme fuels rise in consumption
- Published: 1 Dec 2012 at 00.00
- Newspaper section: Business
The domestic economy started gaining ground in October as more people bought cars under the government's tax waiver scheme, says the Bank of Thailand.
Consumption and investment edged down a few months earlier as rehabilitation decelerated from floods last year, the central bank said.
Mathee Supapongse, a senior economist, said car sales fuelled consumption and investment in October as car makers sped up production to meet demand that accelerated ahead of the expiry of the government's tax rebate for first-time car buyers at year-end.
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