The stimulus plan and Keynesian economic proposals by the Pheu Thai Party, while the emphasis on structural reform of the economy and the goal of a welfare state from the Move Forward Party, may be reconcilable. Planners will have to have a deft touch with the economic recovery currently in such a fragile state with the need to avoid a political crisis looming large for the leadership of both leading political parties.

 

by Joseph O' Connor

 

Business frets about political instability and the potential policies of a Move Forward Pheu Thai government but there already appears to be growing problems beneath the surface of Thailand’s economy with private sector debt and a large proportion of the kingdom’s households surviving on short-term loan facilities while looking for a way out or a way forward, if you will.

As tensions and uncertainty grow about the formation of a new government, there are also concerns about the economic policies that may be pursued by a Move Forward Pheu Thai-led ministry with the outgoing government leaving behind a rising bill for public debt repayments and hidden borrowings in state-owned banks.

 

Business leaders are also warning that political instability is a threat to the foreign tourism industry which this year is the country’s economic lifeline amid depressed exports and a global downturn in trade. It comes as there is a growing concern about the growth of short-term debt among the less well-off who may have turned to Move Forward as the only way out of spiralling costs and marginal income.

 

Full story: https://www.thaiexaminer.com/thai-news-foreigners/2023/05/19/move-forward-win-a-cry-for-help-from-voters-economy-mired-in-debt/

 

-- © Copyright Thai Examiner 2023-05-20

 

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Election vote for Move Forward may have been a cry for help from voters mired in short-term debt

On the other hand it may have been a cry to get the military out of politics. I'm thinking it's the latter.

"Election vote for Move Forward may have been a cry for help from voters mired in short-term debt".

 

In which case we should ignore all this election malarchy, and rely upon the "good people" to take care of us ...

555

 

So, sour grapes.

 

Now, the elites are worried about the backlash from the population. Robbing publics coffers okay for the elite, military but when the public wants a piece of the pie we are on a bridge too far. Unsurprising. The economic issues cited are long standing and have been allowed to fester for years. Lucky no one is yet proposing a "French solution"

6 hours ago, Plern said:

555

 

So, sour grapes.

 

Now, the elites are worried about the backlash from the population. Robbing publics coffers okay for the elite, military but when the public wants a piece of the pie we are on a bridge too far. Unsurprising. The economic issues cited are long standing and have been allowed to fester for years. Lucky no one is yet proposing a "French solution"

Or a 'Beijing solution' either - which has more tradition in LOS.

Try not spending what you don't have.   Rule # 1

 

People that rely on others or govt policies for their survival, apparently failed Economics 101

8 hours ago, webfact said:

Business frets about political instability and the potential policies of a Move Forward Pheu Thai government but there already appears to be growing problems beneath the surface of Thailand’s economy with private sector debt and a large proportion of the kingdom’s households surviving on short-term loan facilities while looking for a way out or a way forward, if you will.

Which is exactly why Thailand needs a new government like the MFP

The incumbent idiots have got Thailands populous and industry at an all time low mired in debt.

They need someone with a business brain to get them out of debt, that will not happen not by someone who has lived their entire life with a silver spoon in their mouth.