Thailand’s prolonged political crisis is raising the risk that the nation will be the only one of Southeast Asia’s biggest economies to slide into a recession this year, undermining its allure as a manufacturing center.
Thailand’s caretaker government installed an acting prime minister to stave off collapse after a court removed Yingluck Shinawatra, casting doubt on a general election planned for July and risking renewed protests.
Thailand’s biggest opposition party said as many as 10,000 people will join a protest tomorrow against efforts to pass a law that it claims will benefit former leader Thaksin Shinawatra. Stocks fell to a three-week low.
Thailand’s economy may expand more than the government currently forecasts as tourism recovers from the nation’s worst political violence in almost two decades, according to Finance Minister Korn Chatikavanij .
Suthep Thaugsuban, leader of anti- government demonstrations in Thailand, called for a nationwide rally to try to topple Prime Minister Yingluck Shinawatra, escalating his confrontation with the administration.