Uncertainty over new government stability dampens economic outlook, says SCB’s EIC

 

 

Although investors have somewhat eased their worries about the local politics, the question over stability of the new government continues to dampen economic outlook, according to a research by the Siam Commercial Bank’s Economic Intelligence Center.

 

On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister in a joint upper and lower house parliamentary vote, bringing more clarity to the local political scene.

 

However, the SCB’s EIC said that the new government will face difficulty in balancing the interest of each coalition party which made different promises to their voters. Moreover, the numbers of the MPs of the government and opposition camps are too close, raising the question over the longevity of the new government.

 

Full story: https://www.thaipbsworld.com/uncertainty-over-new-government-stability-dampens-economic-outlook-says-scbs-eic/

 

 

-- © Copyright Thai PBS 2019-06-11

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no kidding...sure investors will be worried and so are we. But there is something incorrect in the above report saying ...""" On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister.....""" he was not elected, he elected himself

The numbers of government and opposition MP's is too close...surely that gets changed with money here.

4 hours ago, Mavideol said:

no kidding...sure investors will be worried and so are we. But there is something incorrect in the above report saying ...""" On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister.....""" he was not elected, he elected himself

Yes by MONEY !!!

"Democratic dictatorship" is messing the economy. No kidding.

And the baht goes marching on.

Just sayin'.

The government might change, but the PM will stay the same because of the "interesting" system used to select the PM.

Can anyone say gerrymander?

24 minutes ago, Chang_paarp said:

The government might change, but the PM will stay the same because of the "interesting" system used to select the PM.

Can anyone say gerrymander?

It is far, FAR more than mere gerrymandering. That is the least of it. What has obviously been going on is so heinous and despicable that --- well, I'd better shut up at this point!

7 hours ago, webfact said:

Moreover, the numbers of the MPs of the government and opposition camps are too close, raising the question over the longevity of the new government.

Only until they can rake up some muck

Uncertainty over new government stability dampens economic outlook, says SCB’s EIC

No wonder with Laurel and Hardy in control.

Envelopes will be passed and the opposition will fall in line and things will remain the same.

Go to your bathroom and flush the toilet.  This will give you a clear idea of where the Thai economy is ultimately heading under continued Junta leadership.

 

Most posters were not here when Thailand led the last crash . For those that were it was a gravy train for ex pats.

 

Don't worry though because Prayuth and co will sell Thailand's sphincter to the Chinese and all will be well. 

 

But for whom is the question.

The economy in Thailand has been falling since 2014, military spending has increased since then.

So All the economic indicators, i.e. GDP, Consumer Confidence, Household Debt, Declining Exports, High loan defaults and YET the Baht still remains high??? It's nothing more than a smoke screen as with the new government having such a slim majority to do anything things are only going to get worse for the vast majority of Thais. The U.S. Treasury only recently placed Thailand once again on the watch list for currency manipulation, ignore those warnings at your own risk.

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