Late February was a tough time for Thailand and the SET was not spared from the troubles. Daily new Covid-19 cases surged above 50,000 when both PCR and ATK test results were included. And although death rates are still far below last year’s peak, we are now nearing almost 70 Covid-related fatalities per day.
That said, the spread of the Omicron coronavirus variant has been rapid but it has not been as deadly as Delta, and experts believe the peak is near, with a recovery expected in the second half of 2022.
The global situation is also encouraging with new cases per day declining, from more than 3 million at the start of the year to between 1.4 million and 1.6 million, and deaths down significantly. As a result, many countries are now easing regulations, dropping requirements for masks and social distancing. In essence, the world has been nearing normality.
But…
