Economy will preoccupy new Thai government
Thursday, August 1, 2019
Subject
Outlook for Thailand's new government.
Significance
Prime Minister Prayut Chan-o-cha last week unveiled a policy manifesto. Prayut, returned to power by a pro-junta alliance following the March general election, finalised a new cabinet earlier last month.
Impacts
- Major infrastructure projects will likely suffer delays due to slower budget disbursements.
- A rising baht will hit Thai exports and tourism.
- There will be an uptick in Thai-US relations under the new government.
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