Thailand’s economy remains highly dependent on both exports and foreign tourism with the current storm again highlighting this factor. The loss of foreign tourism income since March 2020 is the single biggest impact factor as the country is now confronted by what could be a growing liquidity crisis and consistently high current account deficits if urgent action is not taken. After this, comes the threat from increasingly dangerous geopolitical tensions and concerns over China as financial capital takes flight from Asia with US interest rate rises.

https://www.thaiexaminer.com/thai-news-foreigners/2022/03/24/thai-banks-downgraded-fears-over-liquidity/

Joseph O' Connor reports f ...