Thailand's slowing economy spurs debate over stimulus measures
-
Thailand's GDP growth slowed to 1.5% in Q3 2022, prompting debate on whether the economy is in "crisis" to justify the government's proposed digital wallet scheme.
-
Analysts disagree on whether 1.5% GDP growth signifies crisis; some say no crisis unless multiple negative factors like currency devaluation.
-
Targeting consumption may not address root issues; better to boost production by aiding farmers and manufacturers.
-
Viewpoint matters lower income groups are struggling more than middle class.
-
Instead of handouts, some propose more targeted stimulus for SMEs and farmers, attracting investment, raising minimum wage gradually.