The central bank believes that the economy will start to pick up this quarter after bottoming out in the second quarter, Mr Veerathai said. The government and regulatory bodies sought to strike a balance between fiscal and monetary policies to support recovery momentum and help affected parties through cash transfers and debt relief measures. Yet Bloomberg has reported that Thailand's economic outlook is the darkest in Asia. The process of reskilling and upskilling workers is necessary to prepare for the new working environment in the post-pandemic period, Mr Veerathai said. Employment will support domestic consumption and economic recovery after the outbreak comes to an end.

Source: Bangkok Post July 14, 2020 23:27 UTC