Political Woes Could Sink Thai Economy Deeper Into Malaise
By Suttinee Yuvejwattana and
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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.
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Putin boasts about Russia's economy despite recession fears
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