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Thursday, May 16, 2024

World Bank: 1.5m fell into poverty

World Bank: 1.5m fell into poverty

Ratio of poor may be 8.8% for 2020

A student sells miang kham packets at the Siam skytrain station during the school break to pay for his tuition. (Photo by Apichit Jinakul)

Around 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank.

Thailand’s poor totalled 3.7 million in 2019 and the tally was expected to rise to 5.2 million in 2020, attributed mainly to adverse effects from the pandemic crisis, said Kiatipong Ariyapruchya, senior economist for Thailand at the World Bank.

The number of poor people is expected to decline to 5 million in 2021 because of a recovery in employment as the economy is expected to eventually rebound, said Mr Kiatipong.

Thailand’s poverty…

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