EconThai backs lifting of key lockdown measures

Updated: Oct 2, 2021

THAILAND: The Employers’ Confederation of Thai Trade and Industry (EconThai) has welcomed the Thai national government’s decision to ease lockdown measures.

These reforms started from September 1, when most local administrations allowed the reopening of eateries, retail stores, stadiums, and public parks.

EconThai said that the most drastic lockdown measures had not always guaranteed a decrease in new Covid-19 infections, but there had been no doubting the heavy impact that they have had on the economy.

"The only thing that lockdowns guarantee is a heavy blow to the economy," said Tanit Sorat, vice-chairman of EconThai.

Although the Thai government has been providing financial assistance to the public, businesses still need to reopen to complete the economic revival. "Relaxing strict business regulations will help people, especially those in the restaurant and retail segments, regain their jobs and increase people’s purchasing power,” Tanit Sorat, vice-chairman of EconThai said ahead of the easing.

EconThai also expressed concern about the Thai unemployment rate, which is likely to increase in the second half of this year because of the slow economic recovery and the entry of 300,000 new graduates into the job market.

However, if the government’s plan to reopen the tourism industry to fully vaccinated international arrivals in October goes as planned, the unemployment hit will be at least somewhat subdued.

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