THAILAND: Domestic demand is the key to stay afloat: Escap analyst

Thailand has been urged to boost domestic demand, in order to stay afloat amid the waves of external shocks that are likely to continue in the years to come.

Hamza Ali Malik, chief of the Economic and Social Commission for Asia and the Pacific’s (Escap’s) macroeconomic policy and analysis section, noted that Thailand and other export-oriented countries in the region were all suffering as they have become closely tied with the value chain in China.

“The key is to boost domestic demand and try to lean away from some external demand,” he said at a press briefing on Monday. Given high household debt, Thailand should instead focus on increasing wages to spur economic growth.

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About Antoni Uni

I am born in Haarlem, the Netherlands, and went to Spain, l'Escala - Costabrava, in 1988. After 15 years I made a mistake and went travelling in S.E. Asia. and in 2005 I dropped down in Bangkok where I still live. Mijn website met foto's is: http://www.antoniuniphotography.com/
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