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.

External Link: https://www.bangkokpost.com/business/news/1608202/#cxrecs_s