Could Thailand’s coup damage Asia?

Thailand’s latest military coup hardly improves the odds of solving its protracted political crisis, says Andy Mukherjee on Breakingviews. The stand-off has already sent the economy into recession: it shrank by 2.1% in the first quarter from the previous three months.

Consumers and businesses have been severely rattled. Private investment fell by an annual 7.3%; household consumption by 3%. The last coup, in 2006, meant that Thailand fell behind the rest of the region. It’s set to be a similar story this time.

The good news, however, is that the rest of Asia should barely be affected by [...]

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