The second wave of Covid-19 in Thailand has proved to be challenging to our economic team.
Previously, the government has introduced several relief measures to curb the economic impacts from the pandemic including (1) Monetary policy when BoT cut the policy interest rate and (2) Fiscal policies which are about tax break and government expenditure stimulus programmes e.g. “The 50-50 co-payment scheme”.
Despite the relief programme, the Thai economy hasn’t yet recovered and even slowed down now those schemes are over.
Not too far into the future the government’s remedial measures will be over e.g. current interest rates are already low.
Moreover, every policy has its cost, for example, implementation of fiscal policies causes the state to lose tax revenue.
At the moment the government has already injected 1.9 trillion baht into the system, of which the loan amount accounts for 1…
