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Book
Thailand's economic dilemmas in post-pandemic Asia
Authors: ---
ISBN: 9815011790 9815011782 Year: 2023 Publisher: Singapore : ISEAS Publishing,

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Abstract

While Thailand's health system has fared relatively well through the COVID-19 pandemic, the country's economy faced significant strains and likely a harsher downturn than other economies in Southeast Asia. In particular, the services sector-heavily reliant on international tourism-suffered, and debt levels worsened substantially during the pandemic. Thailand's economy has steadily recovered following the peak of the pandemic in 2020, with greater optimism coming from the growing trade in goods and growing investments from China and Japan. The tourism sector has also steadily regained strength since the worst points of the pandemic. Despite these recent positive turns, Thailand still faces daunting long-term economic and societal challenges, many of which were exacerbated by the COVID-19 pandemic. This text examines these important topics.

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