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Opposition criticises Thai government over economic toll of Covid response

Maya Taylor

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PHOTO: AFP

Opposition party Pheu Thai has condemned the government’s management of the Covid-19 crisis, saying total shutdown has had a devastating effect on the country’s economy. In a report in Nation Thailand, Paopoom Rojanasakul, vice secretary-general of the party says the hard-hitting restrictions imposed across the country have led to high unemployment, with the International Monetary Fund saying Thailand’s economy is the worst-affected in the region.

He adds that the IMF is predicting the economy here will shrink by 6.7%, saying Thailand has one of the world’s most negative GDP forecasts, despite appearing to have brought the virus under control quite quickly.

“The question that arises is, if Thailand has controlled the outbreak quicker than the other others, why is its economy worse hit than the others?”

Paopoom says the decision to essentially shut down the economy in the early stages of the outbreak is what caused the damage, not simply the fact that economic performance is dependent on the global economy as a whole. Pheu Thai says the government must act now to stop businesses from going under and to save jobs, saying the government got it wrong when it allowed employers to terminate their workers’ positions.

The party says employers should receive financial incentives to encourage them to keep their staff employed. Paopoom adds that what’s required is a policy of balanced measures that keep the economy running at the same time as the virus is being brought under control.

“The winner of this battle is a balanced state that can control the outbreak while also sustaining the economy until the world has a vaccine.”

SOURCE: Nation Thailand

 

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3 Comments

3 Comments

  1. Avatar

    ken jones

    Monday, May 25, 2020 at 11:28 am

    W always said and say what is the reason behind the reason. The reason is this lockdown has solidified now a dependent Thai economy on its military goverement. They have made slaves and pleabs out of Thai people this was just and excuse to solidify their power grab. Has their poicy been effective sure! But at what economic and human cost?

    • Avatar

      Toby Andrews

      Sunday, June 14, 2020 at 4:59 pm

      I was thinking the same myself.
      The military want total control and have it with this excuse of the virus.
      If the next election is corrupted like the last one, there will be riots.
      The IMF say Thailand’s GDP will become one of the worst in the world.
      I believe it, and not the low figures the Thai civil servants claim.

  2. Avatar

    Glenn

    Monday, May 25, 2020 at 1:52 pm

    while there are still elections, it would be just if all opposition parties pointed out clearly that 99.94% of the population was completely unaffected by CV, yet had and has to bear significant financial hardship, all due to a the current regime.

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