Thailand is facing a new political crisis that could further strain an economy already teetering on the edge of a technical recession and grappling with the effects of global trade tensions. Analysts warn that even if Prime Minister Paetongtarn Shinawatra navigates the widening divisions within the ruling coalition, the repercussions may hinder crucial legislative progress, disrupt US tariff negotiations, and weaken investor trust in Thai assets, which are already underperforming.
— news from Bloomberg
— News Original —
Thailand Political Turmoil Threatens to Sink Economy Deeper Into Malaise
Thailand’s sudden descent into a new political crisis threatens an economy that’s already on the brink of a technical recession and bracing for the impact of the global trade war. Even if Thai Prime Minister Paetongtarn Shinawatra manages to survive a widening rift in the ruling coalition, analysts said the fallout could stall key legislation, undermine US tariff talks and shake investor confidence in already-underperforming Thai assets.