BANGKOK: Outside China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-U.S. trade war, the worst drought in decades and a stubbornly strong currency.
Add in Beijing’s newly imposed restrictions on Chinese travelers, who account for the lion's share of arrivals, plus the knock-on effect on other tourists, and a recession begins to look imminent.