K-Research: Recovery to come in a U-shapeTo repair the economy, the government should balance between stimulus measures and economic cost. The fiscal budget, which represents about 4.5% of GDP, will help support Thailand’s recovery after the pandemic derailed economic momentum, said Nattaporn Triratanasirikul, assistant managing director of K-Research. To repair the economy, the government should balance between stimulus measures and economic cost especially the higher public debt ratio, Ms Nattaporn said. A positive factor that would support economic recovery is vaccine development, which remains in progress, Ms Nattaporn said. In Thailand, the vaccine for the coronavirus is expected to be implemented widely around late 2021 to early 2022, in line with the economic recovery momentum for the next two years, according to K-Research.

Source: Bangkok Post August 28, 2020 10:07 UTC