Thailand’s economy has been slow to recover from the impact of COVID-19 compared to other ASEAN countries, with its real GDP and GDP per capita still below pre-pandemic levels. The country’s heavy reliance on tourism and large informal economy made it especially susceptible to the effects of the pandemic.
Thailand’s Slow Economic Recovery
Efforts to revive the economy include immediate measures such as a one-time digital cash payment program and debt relief, as well as long-term strategies that encompass new free trade deals, initiatives for environmentally friendly industries, and infrastructure developments. However, the new government in the country is facing difficulties in tackling issues such as an increasingly older population, unequal access to education, and tensions in global trade.
Government Policies and Concerns
To address the economic challenges, the Thai government…
