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 [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.