Thailand Election Impact On Economy
The uncertainty surrounding thailand s election outcome threatens to set back the economy s grinding recovery from the 2014 coup.
Thailand election impact on economy. When it comes to the relationship between the economy and us presidential elections causality flows both ways stated differently the strength of the economy has a major impact on which party is elected in the words of bill clinton s successful 92 campaign against george h. 1 the us economy and the election. The more stable the coalition government the better the impact to the thai economy.
The economy of thailand is dependent on exports which accounts for more than two thirds of the country s gross domestic product gdp. Thai economy teeters amid electoral uncertainty. The us election s impact on the economy and financial markets.
Kasem prunratanamala of cimb says thailand s first election since the military coup in 2014 could improve investor sentiment increase foreign direct investments and benefit the country s macro. Ballots are counted during the general election in bangkok thailand on march 24 2019. But first things first thailand needs a way out of the current political mess to give investors some hope.
Normally the economy fares better in election years but this year could be different. The better the impact to the thai economy kattiya. Find out why in this theme article from nordea s latest economic outlook released on.
As of 2018 thailand has an average inflation of 1 06 and an account surplus of 7 5. Bush it s the economy stupid but the economy also. Wwbt however the election ultimately impacts the economy experts say the economic impact will still be trumped by the coronavirus pandemic.
The upcoming us presidential election will be a major theme for financial markets in 2020. Thailand itself is a newly industrialized country with a gdp of 16 316 trillion baht us 505 billion in 2018 the 8th largest economy of asia according to the world bank.