Fetco warns of recession, urges action

Fetco warns of recession, urges action
Govt told to increase stimulus, debt limits
published :
23 Jul 2021 at 04:30
A man receives a Covid-19 vaccination at The Mall Ngamwongwan in Nonthaburi. Mr Paiboon of Fetco believes the economy could fall into recession because of slow jab progress. Pattarapong Chatpattarasill
Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), has urged the government to accelerate economic stimulus and temporarily raise the public debt ceiling to 70-75% of GDP, or borrow an additional 800 billion to 1 trillion baht to help the country weather the pandemic.
He said the Thai economy could slip back into recession because of the government's failure to achieve its vaccination target and herd immunity by this year as expected.

Related Keywords

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