New PM in July a turning point for the Thai economy in 2023 which could still see 4% growth

[webfact]

Deputy Prime Minister Wissanu Krea-ngam (right) has outlined a revised schedule which will see a new cabinet sworn in by July 21st. A Move Forward-led coalition aims to have Pita Limjaroenrat (centre) elected as the new Prime Minister at a joint sitting of parliament due on July 13th. Mr Pita’s election would boost the economy, according to Siam Commercial Bank economist Ms Thitima Chucherd (left), Director of the Economic Research Department and financial markets.

The prospects of a speedier formation of a new government with parliament now convening on July 3rd holds out hope to the business sector that a disastrous political crisis may be avoided with a new government formed and in place by July 21st. It follows a week in which there appears to be a new impetus coming from authorities to speed up the process. 

As news emerged on Wednesday that a new government could be in place in July and not August as previously envisaged, a senior economist at Siam Commercial Bank has singled out the formation of a new government with a new Prime Minister without a political accident or stalemate developing as critical to the country’s economy this year which could grow by up to 4% driven by a rebounding foreign tourism industry and younger Asian travellers with stronger consumer confidence as a result.

 

On Wednesday, the caretaker government’s legal expert Deputy Prime Minister Wissanu Krea-ngam outlined a speeded-up schedule which will see parliament meet earlier than anticipated in July and a new government put in place within the month.

 

by Joseph O' Connor

 

Full story: https://www.thaiexaminer.com/thai-news-foreigners/2023/06/21/pm-in-july-a-turning-point-for-the-economy-4-per-cent-growth/

 

-- © Copyright Thai Examiner 2023-06-22

 

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[flyingtlger]

1 hour ago, webfact said:

economy this year which could grow by up to 4%

Wishful thinking....

 

 

Edited June 21, 2023 by metisdead
Trolling meme removed.

[RichardColeman]

Considering China's exports are dropping 7.5% , the world is about to hit recession - I think he's pushing it.

 

Recession hits, tourism will suffer - especially from financial struggling China

[dinsdale]

3 hours ago, webfact said:

a disastrous political crisis may be avoided

This is still in the hands of a very few people i.e. the EC, the CC and the senators.

[zzaa09]

2 hours ago, flyingtlger said:

Wishful thinking....

 

 

Appears that too many are on the newly fashioned bandwagon of giddiness. 

They haven't even place themselves throughout the government levels as of yet. 

 

Far more prudent to be patient and wait to see how they function. 

Who might they be serving? The commons or other vested interests? 

 

Let's wait and see before we become overwhelmed with excitement. 

 

[hotchilli]

3 hours ago, webfact said:

The prospects of a speedier formation of a new government with parliament now convening on July 3rd holds out hope to the business sector that a disastrous political crisis may be avoided with a new government formed and in place by July 21st. It follows a week in which there appears to be a new impetus coming from authorities to speed up the process.

For once some real light at the end of the tunnel... now just waiting for the final decision from EC or Constitutional court.

[zzaa09]

4 minutes ago, hotchilli said:

For once some real light at the end of the tunnel... now just waiting for the final decision from EC or Constitutional court.

The final decision derives from elsewhere.