The Thai economy faces a spate of challenges with the latest outbreak compounding the difficulty of recovery efforts.
Kla Party leader and former finance minister Korn Chatikavanij pointed out that a proactive investment policy to promote R&D, startups, community businesses, spending reduction and bureaucratic reform are the only ways to ensure survival in Thailand.
“The pandemic has provided a heavy blow, especially to the tourism sector which accounts for more than 12-13% of the country’s GDP,” said Mr Korn. “Thailand’s current economic structure also relies largely on exports and as Thailand transitions into a ‘super-aged’ society,…
