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With a new PM in charge, Thailand’s economy shuffles forward amid political calm

Reviving the economy to achieve double-digit growth of the 1980s, or the 5.4% average under Thaksin Shinawatra – the father of current leader Paetongtarn – in the early 2000s will be a tough challenge

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    • Thailand's new government is expected to bolster tourism and attract more foreign direct investment, both of which are key drivers of the economy.
    • Thailand's new government is expected to bolster tourism and attract more foreign direct investment, both of which are key drivers of the economy. PHOTO: AFP

    Peter Janssen

    Published Fri, Sep 13, 2024 · 05:00 AM

    [BANGKOK] August was certainly an exciting month for Thai politics.

    The Constitutional Court dissolved the Move Forward Party on Aug 7, over allegations that its proposal to amend laws concerning defamation of the monarchy was seen as a threat to the constitutional monarchy, thus violating the constitution.

    Shortly thereafter, the same court dismissed Srettha Thavisin as prime minister, for having “grossly” violated ethics by appointing a minister with a criminal record to his Cabinet.

    ThailandPoliticsThaksin Shinawatraeconomy

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