Covid-19 stimulus may sink economyA woman looks on at a quiet market in Bangkok where all shops are closed. The government has come up with a 1.9-trillion-baht stimulus package to alleviate the economic impact of the Covid-19 outbreak. The cabinet this week passed a 1.9-trillion-baht stimulus package, roughly equivalent to 12% of GDP, roughly comparable to Singapore's package. Most people likely have one question in mind: "Is that 1 trillion baht sum enough to shore up the economy?" Proponents of large economic stimulus packages might argue the Singaporean government has debt equivalent to 108% of GDP, and yet are issuing a 12% of GDP stimulus package.

Source: Bangkok Post April 08, 2020 19:18 UTC