Enduring the Pandemic: Surveys of the Impact of Covid-19 on Thai Small Businesses

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By Thomas Parks, Matthew Chatsuwan, and Sunil Pillai

While Thailand has been largely successful in stemming the tide of Covid-19 infections, the economic impact could outlast the pandemic. The severe economic shock of this pandemic will only deepen existing inequalities and may fan smoldering political tensions. Enduring the Pandemic: Surveys of the Impact of Covid-19 on Thai Small Businesses reveals that 70 percent of the national workforce has seen their monthly income fall by an average of 47 percent, and 11 percent of small businesses are at risk of closing permanently. What measures can be taken to help Thai businesses and workers to weather this storm?

Posted September 8, 2020
Related locations: Thailand
Related programs: Economic Opportunity
Related topics: Covid-19