Weaker baht may not help economy if COVID not contained

[webfact]

 

The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point last week, its weakest in almost three years, according to Kasikorn Research 

 

Fragile economy

“The baht’s slide reflects the dichotomy of the Thai economic recovery and the US economic recovery. The outbreak of the delta variant without sufficient vaccination equates to lockdowns which make economic activity very difficult,” said Kobsidthi Silpachai, head of capital markets research at Kasikorn bank.

 

Thailand is among emerging market economies which have failed to rebound quickly from the COVID-19 fallout.

 

Full story: https://www.thaipbsworld.com/weaker-baht-may-not-help-economy-if-covid-not-contained/

 

-- © Copyright Thai PBS 2021-08-12

 

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[Laughing Gravy]

I hope people do not get paid for writing this blooming obvious article.

 

[RotBenz8888]

14 minutes ago, webfact said:

weakest

You're welcome to use the word weak when the Baht dropped another 50%. 

[ezzra]

I'm in Phuket now doing my sandbox thingy and the only business that enjoys the weaker baht  and seem to thrive and do a land office business are the countless number of massage shops with plethora of lasses manning the shops...

[Isaan sailor]

Aha, now we have an excuse as to why the Baht has risen 1% vs USD, plus rises in Euro and Pound—in the last 24 hours.

[MrJ2U]

Its helping my economy.

[Mickeymaus]

Can the Baht be trusted? 

 

[Tracyb]

3 hours ago, ezzra said:

I'm in Phuket now doing my sandbox thingy and the only business that enjoys the weaker baht  and seem to thrive and do a land office business are the countless number of massage shops with plethora of lasses manning the shops...

Are there laddies manning any shops there?  Asking for a friend!

[tingtong]

2 minutes ago, Tracyb said:

Are there laddies manning any shops there?  Asking for a friend!

 

Ladies manning ..or men ladying...

Confusing terminology.

Would not want to visit the wrong shop.

[hotchilli]

7 minutes ago, Tracyb said:

Are there laddies manning any shops there?  Asking for a friend!

Is your friend male?

[Stargeezr]

Well if people can trust Bitcoin, they surely can trust the baht.

  Same as people trust the USA dollar, from a country that is trillions and trillions in debt.

  Geezer

[internationalism]

possibly will boost a little export, still a lot of rice, rubber, agricultural products