A fatal blow for Thai economy?

A renewed slump in tourism due to terrorist-related activity would be a huge setback for Thailand.

Over 20 people died in a bomb blast at a shrine in the centre of Bangkok on Monday. At the time of writing, it was unclear who was responsible. In recent years Thailand has been split between supporters of former Prime Minister Thaksin Shinawatra and his opponents. Some have blamed Islamic separatists from the south of the country. The Thai baht has slid to a six-year trough against the dollar and the stockmarket is at a low for the year.

What the commentators said

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.