In Thailand, a strong baht, Asia’s best performing currency in 2019, has kept away potential buyers who find cheaper markets elsewhere, such as in Vietnam.
For the first time in the survey’s 10-year outlook, the top five global risks in terms of likelihood are all environmental.
Thailand struggles with environmental issues as PM 2.5 hit new records levels in Bangkok and severe drought is expected in several provinces
The sinking of the city is also driven by the sheer weight of the built-up urbanisation, as well as uncontrolled groundwater extraction.
Fiscal crises emerges as the leading risk for doing business according to World Economic Forum , but in Asia environmental-related crises are a biggest concern.
