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Monday, May 6, 2024

Has Teflon Thailand met its match in COVID-19?

Phuket becomes a “ghost island” as the COVID-19 pandemic keeps tourists away, Phuket, Thailand. /CGTN

Phuket becomes a “ghost island” as the COVID-19 pandemic keeps tourists away, Phuket, Thailand. /CGTN

In the 1970s, when Thailand’s neighbors – Myanmar, Laos, Cambodia and Vietnam – were mired in war and civil conflicts, Thailand was plotting its economic future.

From the 1997 Asian financial crisis, SARS, 2004 Boxing Day Tsunami, 2006 coup, 2008 financial crisis, 2014 military coup and 2016 succession of the king, Thailand has always recovered steadily. The country became known as a Teflon economy for its ability to bounce back quickly from numerous economic knocks.

Thailand’s once-vibrant economy is now buckling and the COVID-19 pandemic has penetrated the…

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