Japanese rating agency explains the fundamentals of Thailand’s economy which may yet allow it to defy the new challenges posed by a deadly third wave of Covid 19 as business leaders urge officials not to impose a lockdown which may impinge on a thriving export sector which can help carry the economy through to the other side of this crisis.
For a government in the eye of a perfect storm with the third wave of the deadly virus crashing down on its domestic economy as it fights to launch a vaccination drive, a report published on Monday by a Japanese rating company provided some good news for a beleaguered Prime Minister and explains just why Thailand, despite the worst economic performance in twenty years last year and facing mounting headwinds this year, is still well placed at least on economic and financial terms, to weather the challenge.
