'Guillotine' regulations to lift economy
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published :
24 Feb 2021 at 04:00
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In this Feb 1 photo, craft beer brewers, together with bar operators, pour alcohol over themselves outside the Health Ministry during a protest against the ban on sales of alcohol at restaurants. Regulatory reform is needed to create a fair trading system for small-scale craft beer brewers. (Photo by Apichit Jinakul)
The second wave of Covid-19 in Thailand has proved to be challenging to our economic team. Previously, the government has introduced several relief measures to curb the economic impacts from the pandemic including (1) Monetary policy when BoT cut the policy interest rate and (2) Fiscal policies which are about taxs break and government expenditure stimulus programmes e.g. "The 50-50 co-payment scheme". Despite the relief programme, the Thai economy hasn't yet recovered and even slowed down now those schemes are over.