Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Thai students wear face masks and sit at desks with plastic screens used for social distancing at the Wat Khlong Toey School in Bangkok, Thailand, in August after lockdown measures eased. Photo: Lauren DeCicca/Getty Images

Thailand on Wednesday marked 100 days with no detected local coronavirus cases, per the health ministry.

Why it matters: The Southeast Asian country joins a small club of places "like Taiwan where the pathogen has been virtually eliminated," Bloomberg notes. Thailand was the first country outside China to report a COVID-19 case.

The big picture: There have been no community transmission reported since May 26. The country's borders remain closed to foreigners.

  • Some returned travelers have the virus, but they are in quarantine — including eight new cases reported Wednesday.
  • Thailand has so far avoided seeing a domestic re-emergence of the virus unlike New Zealand, which reintroduced restrictions after reporting 102 days with no detected local cases.

What they did: Thailand imposed a sweeping national lockdown in March, but restrictions have since been relaxed and schools and businesses began to reopen in June, with safeguards in place against the virus, including screens, face shields and hand sanitizers.

  • Thailand stepped up domestic production of coronavirus testing kits in July.
  • Adherence to wearing face masks, an "army of health volunteers" in villages and universal health coverage have contributed to the success, according to Bloomberg.

Yes, but: Thailand's strict measures have hurt the economy, which is heavily reliant on tourism. Last month, the country reported its economy contracted 12.2% on-year in the second quarter — "its deepest economic contraction since the Asian financial crisis in 1998," CNBC notes.

  • The government has indicated it plans to reopen its borders, though details have yet to be released.

The bottom line: "We contained the virus, and now is really the time to focus on the economy -- the longer we close the borders, the more damage it will have," Somprawin Manprasert, chief economist at Bank of Ayudhya Pcl in Bangkok told Bloomberg.

  • "Without proper policies, the exit of some businesses and workforces could cut the country’s long term growth by 0.5% each year, which is significant for a country that’s also rapidly aging."

Go deeper

Nov 23, 2020 - Politics & Policy

California governor and family in quarantine after coronavirus exposure

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California Gov. Gavin Newsom (D) tweeted late Sunday that he and his family are quarantining after being exposed to COVID-19.

Details: Newsom said they learned Friday that three of his children had come into contact with a California Highway Patrol officer who tested positive for the coronavirus. "Thankfully, the entire family tested negative today," Newsom said.

Updated Nov 24, 2020 - Politics & Policy

Sen. Kelly Loeffler to return to campaign trail after 2nd negative test

Sen. Kelly Loeffler addresses supporters during a rally on Thursday. Photo: Jessica McGowan/Getty Images

Sen. Kelly Loeffler's (R-Ga.) campaign announced Monday that she "looks forward to getting back out on the campaign trail" after testing negative for COVID-19 for a second time, following earlier conflicting results.

Why it matters: Loeffler has been campaigning at events ahead of a Jan. 5 runoff in elections that'll decide which party holds the Senate majority. Vice President Mike Pence was with her on Friday.

Nov 23, 2020 - Health

U.S. coronavirus hospitalizations keep breaking records

Data: The COVID Tracking Project; Chart: Axios Visuals

The number of people hospitalized with COVID-19 in the U.S. has reached new record highs every day since Nov. 10.

Why it matters: Governors in states like North Dakota and Illinois have been warning about overburdened hospitals and limited beds for weeks.