Thailand’s economy suffers biggest fall since 1998 Asian financial crisis

[connda]

"Thailand’s economy suffers biggest fall since 1998 Asian financial crisis"

This is a blip on the economic radar compared to the 1997-1998 economic crisis.

This is an economic recession affecting primarily businesses and workers in tourist related services.  The 1997-1998 economic crisis destroyed large sectors of the entire Thai economy, i.e., "the big boys" got hurt.

There is no comparison here.  "the big boys" are doing just fine.  The commoners, however, are getting decimated. 

Edited February 17, 2021 by connda

[elliss]

8 hours ago, Truth Will Set You Free said:

What exports are you referring too that would have such gains to keep the baht strong? 

 

   Bar Ladies,  comes to mind . Travels far better than Irish black nectar ..

  However , let us not forget , for even one minute .

 That Prostitution , remains illegal in the Kingdom . 

We are indeed,  blessed ...555

 

[Artisi]

On 2/15/2021 at 2:09 PM, Guderian said:

Meanwhile, at the TT exchange booths.....

 

 

.....it seems that everywhere else has had a worse fall in its economy than Thailand, at least to judge by their currencies relative to the Baht.

Manipulated, need to look after the hi-so and their off-shore money manipulation....... 

[phka]

That should make the baht stronger

[bimmerbob]

On 2/16/2021 at 1:41 AM, Bkktodd said:

Yet the baht is at 29.75 to the dollar.  Explain that to me please

 

....what is there to explain?

Market forces generally dictate exchange rates. Don't forget, every time a country increases its relative borrowings, there should be a negative impact on its currency..........

The American culture of "buy now, pay later" has a lot to answer for.

[forrwhat]

And yet the Baht stays resilient???

[CALSinCM]

On 2/15/2021 at 2:09 PM, Guderian said:

Meanwhile, at the TT exchange booths.....

 

 

.....it seems that everywhere else has had a worse fall in its economy than Thailand, at least to judge by their currencies relative to the Baht.

This is why any comparison with 1997 is moronic.  Soros and friends destroyed the THB and the Thai economy.
This Covid blip on the radar is a minor downturn.  Tourism is taking it in the short and probably will never return to "normal" but money is being pumped into the Thai economy.  ASEAN economies will continue to grow after the Covid stupidity is dealt with.