SCB report says political instability will dampen economic confidence

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SCB report says political instability will dampen economic confidence

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The question over stability of the new government continues to dampen economic outlook, despite the recent sittings of Parliament and the formal election of a new prime minister – this according to a new economic outlook report. The report by the Siam Commercial Bank’s Economic Intelligence Centre says that the new government will face difficulty in balancing the interest of each coalition party who campaigned on a range of policies during the election. The report also notes the the numbers of the MPs of the Palang Pracharat party ‘coalition’ and the opposition camps are very close, raising the question over the longevity of the new government – just a few disgruntled MPs could ‘walk the floor’ and cause any legislation to fail in the lower house.

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SCB report says political instability will dampen economic confidence

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