Bangkok - If the 1997 Asian financial crisis was most painful for the relatively well-off, this time around, the poorest Thais are going to be hurt first, Ammar Siamwalla, the doyen of Thai economists, said Friday.
"A decade ago, the rich were hit by a tremendous economic shock, [but] the crisis took time to hurt low income groups," said Ammar, a senior economist at the Thailand Development Research Institute think tank. "This time around, the pain is going straight to the grassroots."