Economic growth next year is expected to be negative, or at best flat, due the austerity programme required by the IMF and the financial crisis.
22.
One of the key goals of the People's Assembly movement as published in the Draft Statement is " To make government abandon its austerity programme.
23.
The key to recovery was winning back the confidence of foreign capital, and the key to winning that confidence was to adhere to the IMF austerity programme.
24.
Nobel prize winning economist Joseph Stiglitz argued that the Labour party platform was different from what a leftist party must do, saying that Labour had not opposed austerity programmes.
25.
The country's predominant farming population knows little about currency devaluations, failed banks and collapsing stock markets or about the country's obligations to the IMF austerity programme.
26.
Originally, an amount of RM220 million was allocated as capital expenditure for 1998 but with the economic uncertainties, an austerity programme was implemented early this year, he said.
27.
Two emerging ` tiger'economies, albeit emaciated ones, and anindustrialised economy have lost the game and are currently undergoingrigid austerity programmes in exchange for loans amounting to billions ofdollars.
28.
The current account deficit, which once hit Bt18 billion to Bt20 billion a month, has fallen to Bt3.9 billion a month as a result of the economic austerity programme.
29.
An official announcement on this critical decision will be made on Dec 7, a day before the IMF executive board is scheduled to review Thailand's progress on its economic austerity programme.
30.
The IMF sometimes advocates " austerity programmes ", cutting public spending and increasing taxes even when the economy is weak, to bring budgets closer to a balance, thus reducing budget deficits.
