Why the Thai economy is bogged down


Source: afr.com afr.com

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As in many other countries, COVID-19 exacerbated Thailand’s ageing. Between 2020 and 2021, the number of Thai infants declined by 8 per cent. Middle and working-class households, stressed by growing debt, inflation and poor employment prospects, are hardly eager to have more children. During the pandemic, Thai household debt soared to 90 per cent of GDP. In the 2000s, Thailand outperformed its regional peers across many education metrics. Nearly all age-eligible children attended primary school and a high proportion of young people entered junior secondary school. Most Thai workers in 2006 had a primary school education at best. By 2019...