The Thai Chamber of Commerce has asked the government to continue the "Khon La Khrueng" co-payment subsidies until the end of 2022, end the Test & Go scheme, and quickly reclassify Covid-19 as endemic to boost growth and tamp down signs of stagflation.
Sanan Angubolkul, chairman of the chamber, said the economy has yet to fully recover while Covid-19 outbreaks persist, and the Russia-Ukraine war, which triggered a sharp rise in global energy prices, has exacerbated the situation.
"The Thai Chamber, is, therefore, asking for an extension of the Khon La Khrueng co-payment subsidy scheme, which is scheduled to end this month, until the end of this year to reduce people's cost of living," he said. "The slow pace of the country's economic growth coupled with a relatively high inflation rate may cause the country to face a possible bout of stagflation."
