The Office of the Royal Society has organized a round-table discussion about the economic hurdles caused by the ongoing COVID-19 pandemic, which has already decreased Thailand’s monthly household income by 70 percent.
BANGKOK (NNT) – Speaking of post COVID-19 economic recovery, since the government’s new economic team took office, a survey by Suan Dusit Poll reveals that many people want the government to create more jobs, shore up prices of agricultural products and stimulate domestic consumption.
According to the online survey on solutions to economic issues, 85 percent of the respondents want to see more jobs created to solve economic problems at the household level. Other issues include income generation, improving welfare benefits and a supension of debt repayments.
At the community level, they would like the government to focus on shoring up prices of agricultural products, followed by resource optimization, a strengthening of communities and creation of local jobs while regulating middlemen.
At the national level, the respondents want the government to further support the agricultural sector, followed by export and tourism promotion, increasing investor confidence and supporting the industrial sector.
Thailand relaxes COVID-19 measures to help revive economy
During the past couple weeks, new infection cases have been down from roughly 20,000 daily cases to 17,000 -19,000. Moreover, the number of daily discharges is exceeding infections, which has led to the conclusion that the situation is improving.
Thailand relaxed more virus related social curbs on September 1st, in dozens of cities including Bangkok, in a move that may indicate that the country’s economy, hit hard by COVID-19 will soon revive, lead by the export sector and sound financial fundamentals.(more…)
Southeast Asia to relinquish its lead over Latin America says Moody’s
While the emerging economies of Southeast Asia have outperformed their counterparts in Latin America for most of the past two decades, their lead will slide in the next few quarters as Southeast Asian governments clamp down to fight the pandemic’s lingering second and third waves.
The Delta surge is casting larger clouds over the global recovery and emerging markets are in the thick of it. Despite the ebbing of the coronavirus variant in India, where it first emerged, its spread in Southeast Asia, Africa, and the Middle East has steepened the road to recovery in these regions.(more…)
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