Spreading Drought Adds to Risks for Thailand’s Cooling Economy
A spreading drought has emerged as a new risk for Thailand’s cooling economy in addition to domestic political tension and slower exports.
The country’s hot and dry season is more acute than expected amid a possible El-Nino weather event, leaving just over a quarter of top reservoirs with low water levels. Such conditions threaten to sap agriculture, which accounts for about 9 percent of the Thai economy and a third of total employment.
