Thai economy faces greater political uncertainties

Slow growth: Workers transport iron bars near a construction site in Bangkok. Data showed the Thai economy grew 2.8% in the first quarter from a year ago – the weakest in over four years. — AFP

BANGKOK: Heightened political uncertainties in Thailand after an election meant to herald a return to democracy have clouded the outlook for economic policy, the central bank said in minutes of a meeting earlier this month that left interest rates unchanged.

No clear winner emerged from the March 24 election, the first since a military coup in 2014, and the country is still waiting for a new government to be formed.