The new Covid-19 outbreak, which stunned Thai people with a new hardly controlled virus variant, continues to raise more concerns over economic health, adding fiscal-monetary burdens to the government, now likely to see GDP miss its target.
The Federation of Thai Industry (FTI) on Thursday warned the government against a prospect to earn, or borrow more money to boost the economy.
FTI vice-chairman Kriengkrai Thiennukul said ongoing stimulus packages, including Rao Chana (We Win) and co-payment schemes, will not have enough power to restore the economy and increase people’s purchasing power as it is unclear whether the country can quickly bring the new outbreak under control.
“Thai people are about to celebrate the Songkran festival…
