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Coronavirus and drought crises to take a toll on Thai economy

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7 hours ago, Will E Vormer said:

In Chiang Mai, things must be bad .. I was solicited in 7/11 yesterday 

Lucky you

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  • Sounds very optimistic in my opinion. Tourism is Thailands backbone and disease, pollution, dust and drought could do much more than set it back a little. A severe crash is not beyond the imagination.

  • RotBenz8888
    RotBenz8888

    With global economy downturn, inflated Baht and the enormous loan bubble. Are we witnessing the final hours of the teflon economy?

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I guess I can put up with most things but No Water, I would say that would do a lot of damage with the tourist not having water

21 hours ago, Brigand said:

I find it strange that a country that relies so heavily on tourism has such crazy problems with everything that is bad for tourism ... air quality, environment pollution, unrealistic currency valuation, military junta government, democracy deficit, horrendous road safety, scams, attitude towards foreigners generally, aggressive and unwelcoming immigration policies and front line attitude of its agents, poor reactive qualities to concerns of their visitors, outright lies about everything ... shall I go on? 

Strange indeed. Any psychologists here that can explain this collective tribal mentality that cannot, will not, does not even want to change for the common good of the country ?

Edited by morrobay

2 hours ago, ChipButty said:

You sound suicidal 

No, I'm fine thanks for the concern though, but I might be if I was Thai at the moment.... 

coronavirus + drought + strong baht +++ = NOT A GOOD YEAR AHEAD

 

 

As long they have something to blame it's all right. Most important is not to loose face.

The bad outlook of Thai economy has of course nothing to do with incompetent leadership which gets worse and worse after every election (rigged/bought or whatever) and/or coups. Wonder if Thai people even can tell the difference, 

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