BANGKOK - Thailand had hoped the new year would pass relief to its tattered economy. But a second wave of the corona virus has ruined the kingdom deeper into trouble, leaving streets scarred with deserted businesses and millions scrambling for an income.
The empire, one of Asia’s most uneven societies, appeared to have controlled the virus, with just a part of the caseload seen in the worst-hit countries. But outbreaks answerable on Myanmar migrants smuggled over the edge by Thai officials — as well as clusters at illegal betting dens — saw a renaissance of the pandemic situation. Since December 16, 13,000 cases have been recorded, around three times the previous level.
Seventy-six people have died since the corona virus emerged, according to Thai public health officials —but enough to prod the government into widespread closures of bars and massage parlors and placing restrictions on restaurant opening hours— a small number compared to the worst-hit countries.
That has compounded the near total fall down of tourism, which contributed $60 billion to the financial system in 2019, as a result of travel limitations and two-week quarantine requirements. Millions more have lost jobs ranging from ornament sellers to street food vendors who depended on visitors.
“I work two times as long, and my income is still 60% losing. People just don’t have money to buy anything,” said the 56-year-old who provides for a family of five. “There are days I have to rely on fate.”
The Thai financial system is predictable to record a 6.5% contraction in 2020, according to data unrestricted Thursday by the Fiscal Policy Office. It has sustained to splutter this month, leaving millions jobless and worried for meager government relief payments.
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