Thai economy rebound: PM unveils bold plan to tackle challenges

Prime Minister Srettha Thavisin outlined a comprehensive plan to tackle pressing economic issues in Thailand spanning agriculture, industry, and debt-related concerns. He unveiled his intentions during a keynote speech at The Standard Economic Forum, stating that the Thai economy’s current state is a subject of contention between himself and the Bank of Thailand’s governor.

Despite the debate, the Thai PM expressed confidence that the majority of Thai citizens recognise economic conditions are poor. The government has undertaken various initiatives to alleviate living costs, including a reduction in electricity and diesel prices, a farm debt moratorium and a visa-free scheme for visitors from China and Kazakhstan to reinvigorate the deteriorating Thai economy.

The 61 year old prime minister highlighted the country’s mounting household debt as a critical…