Coronavirus

As Covid-19 batters Thailand’s economy, even pawnshops are running out of customers

as-covid-19-batters-thailand’s-economy,-even-pawnshops-are-running-out-of-customers

From his dusty Bangkok pawnshop, where gold deposits are still recorded in heavy wooden ledgers, Danai Tangvatanangkoon has had a ringside seat to decades of Thai economic crises.But since opening his business in 1989, nothing compares to the current crunch, he said, with forfeited power tools and watches stacking up as the economy crumbles under a third wave of the Covid-19 pandemic, the deadliest yet to hit Thailand.“People don’t have anything left to pawn. Our sales are even worse than the…

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