Political instability to hit Thai economy

Political reforms: High school students saluting with three-fingers – symbol of resistance during a protest rally in Bangkok early this month. Thailand’s economic and market risks heightened following a spike in political upheaval. — AP

CONFIDENCE in Thailand – originally boosted by the country’s admirable management of its domestic Covid-19 outbreak – is waning as political chaos takes centre stage.

Thailand has been touted as one of Asia’s Covid-19 success stories. Infections and deaths, at 3,500 and 58 respectively as of Thursday, are lower than most other Asean neighbours. And signs of a second wave of virus attack are absent.