Former Unctad chief makes case for debt spending
Thailand should implement fiscal stimulus to overcome the Covid-19 crisis, without being concerned about the possibility of the public debt-to-GDP ratio overshooting the 60% ceiling, says former UN Conference on Trade and Development secretary-general Supachai Panitchpakdi.
Most countries around the world, both developed and developing economies, have incurred higher public debt-to-GDP ratios as a result of aggressive fiscal stimulus to mitigate the adverse effects from the pandemic crisis.
Somruedi Banchongduang
