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Opposition criticises Thai government over economic toll of Covid response

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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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