Thailand faces ‘perfect storm’ as politics compound economic strain

[BANGKOK] Thailand is on the hunt for a new prime minister once again.

The Constitutional Court’s dismissal of Paetongtarn Shinawatra on Friday (Aug 29) has deepened political uncertainty just as the economy shows signs of strain, with growth slowing, household spending slipping, investment cooling and exports losing steam.

This could stoke fears over both near-term stability and long-term growth prospects for South-east Asia’s second-largest economy.