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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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