Economic policy in Thailand: Promises and reality in the election campaign

Economic policy in Thailand: Promises and reality in the election campaign

According to a report by www.tagesschau.de, the main election issue in Thailand was the economy - a topic that is also of interest to financial experts. Political parties have made generous election promises, including a higher minimum wage, more welfare and subsidies for farmers. But experts doubt whether these promises can actually be implemented and whether they will have a long-term positive impact on the economy.

The largest opposition party in Thailand, for example, promises every Thai person aged 16 and over 10,000 baht, which is the equivalent of around 270 euros. This money should be paid out in a digital currency and can only be spent within a four-kilometer radius of your place of residence. Financial experts doubt that cash gifts alone can stimulate the economy, especially if they go primarily to the poor.

Furthermore, the economy is hoping for a free trade agreement with the EU. After the military coup in 2014, negotiations were put on hold, making trade more difficult. The elections could play an important role in resuming these negotiations.

The financial experts' analysis shows that experts agree that long-term and structural reforms, as well as measures to promote small businesses and free trade, are crucial for Thailand's economic development. At the same time, it is emphasized that the political promises on the ballot will not necessarily have a positive impact on the economy and that the election of a businessman to the government is seen as a possible positive factor.

It remains to be seen how political developments in Thailand will affect the economy. The uncertainty associated with political promises and change of government is often reflected in financial markets and can impact investor sentiment and investment decisions. The economy and the financial sector will be watching closely to see how the situation develops.