The Thai economy is heavily dependent on tourism as a major employment generator. Businesses have been hit hard by the prolonged pandemic situation and the fallout of lockdown restrictions since 2020.(Photo by Richard Balog)

2021: Economic recovery stuck in pandemic quicksand

After the sharp economic contraction triggered by the pandemic in 2020, hopes were high that Thailand’s economy would stage a recovery in 2021.  The COVID-19 outbreak in early 2020 had…

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People dine separated by dividing screens at a street food corner in Bangkok’s Chinatown on January 10, 2021, (Photo by Mladen ANTONOV / AFP)

฿1-2bn Baht per day loss expected due to new restrictions – Commerce Chamber

One to two billion Baht in revenue will be lost per day, resulting in an economic contraction of about 0.1%-0.3%, amid a new round of COVID-19 restrictions beginning today (Monday)…

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