Thailand: Election delay has little economic impact, says JSCCIB

  • In 2019, business operators can expect no major impact on the economy from election delays and pin their hopes on government investment to drive gross domestic product.
  • On 9 Jan 19, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said that the likely further postponement of the general election should not pose a risk to the economy as the government’s public spending would be unaffected.
  • Rather, the Committee stated that external factors may undermine the Thai economy.
  • The joint committee confirmed its previous GDP forecast for 2019 of between 4% and 4.3% growth, which is expected to be largely driven by public investment.

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