Thai political turmoil threatens growth, lifts rate cut bets


Bhumjaithai Party leader Anutin Charnvirakul is surrounded by media representatives at the party's headquarters in Bangkok on September 1, 2025. The race to form a new government kicked off over the weekend as political parties courted rivals for support. - AFP

BANGKOK: With Thailand’s major political parties vying to form a new government - which may last only a few months - economists see further risks to economic growth and rising odds of steeper interest rate cuts.

The country was thrown into political turmoil last week after the Constitutional Court dismissed Paetongtarn Shinawatra as prime minister for ethical misconduct. The ruling has triggered a race between two rival blocs to anoint a new premier, with both seeking support from a party demanding fresh elections within months.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Visa-free travel, rising foreign visitors boost luxury hotel growth in China
Laos delivers emergency aid after over 2,000 households hit by rare hailstorm in Vientiane
South-East Asia revisits nuclear power plans for AI data centres as Iran war disrupts energy supplies
Cambodia refutes Thai portrayal of Preah Vihear cooperation as ICC confirms severe damage
Singapore child sex offender Amos Yee freed from Changi Prison after mother posts $10k bail
Victor Chin: RM9.5mil was ‘service fee’, not bribe to enforcement agencies
Northern China sees unusual warm spell
Bus falls into river while boarding ferry in Bangladesh, leaving 24 dead
King urges Malaysians to take precautions as heatwave persists until June
Australia bans visitors from Iran

Others Also Read