Prime Minister Srettha Thavisin announces details of the digital wallet scheme at Government House on Nov 10. (Photo: Chanat Katanyu)
Is Thailand’s economy in a crisis? The question has been echoed on every economic forum, TV debate and economic discussion on social media the past few weeks as politicians and analysts bicker over the necessity of the Pheu Thai Party’s proposed 10,000-baht digital wallet scheme.
The government says the economy is in crisis to justify its 500-billion-baht handout, funded via a loan act.
However, the large loan bill is likely to face legal challenges as the government is required to prove…
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