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May 25, 2017

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Business > Asia > Thailand
Thailand coup adds to challenges for economy
Thailand's economy was already struggling before the country's military seized power in a bloodless coup Thursday, saying it needed to restore order after six months of protests aimed at ousting the elected government. The military takeover, the second since 2006, could ensure stability in the short term. But analysts fear the army's intervention will result in Thailand's political divide becoming even sharper, holding back the economy and living standards in the longer run.
 
Thailand's economy contracted by 2.1 percent in the first quarter, slammed by a protracted political crisis that is likely to slow growth for the rest of the year.
 
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