Second, the Thai economy is facing a productivity challenge. Thai businesses are not as productive as businesses in other developed countries. This is due to several factors, among them low levels of education and training, a lack of innovation, and a lack of competition.
In another article also published by Krungthep Thurakij on January 22, economist Dr Santitarn Sathirathai compared the Thai economy to an ageing athlete. Like Pipat, he said that the Thai economy is growing more slowly than other countries in the region, and that it is being overtaken by its neighbours.
