Key reforms needed in Thailand

Improving business climate, public finances and social protection can raise living standards, says OECD

Thailand has achieved remarkable economic and social progress in recent decades. The economy has picked up since the pandemic, buoyed by a strong rebound in tourism.

Bold reforms are now needed to make the recovery more solid and inclusive, according to a new report by the Organisation for Co-operation and Development (OECD).

The second OECD Economic Survey of Thailand found strong fiscal support has helped to avoid a sharp economic contraction during the pandemic, but public debt has increased rapidly in recent years and fiscal consolidation should…