Mounting risks dent Thailand’s hopes of smooth economic recovery


Prime Minister Prayuth Chan-Ocha said Predee Daochai’s (pic) departure won’t affect economic policy, but the move “raises uncertainty about government spending and fiscal policy. This is worrisome, ” said Kobsidthi Silpachai, head of capital market research at Kasikornbank Pcl in Bangkok.

BANGKOK: The sudden resignation of Thailand’s Finance Minister for health reasons, less than a month into his term, creates more uncertainty for an economy already bracing for the deepest blow in Asia from the coronavirus pandemic.

Prime Minister Prayuth Chan-Ocha said Predee Daochai’s departure won’t affect economic policy, but the move “raises uncertainty about government spending and fiscal policy. This is worrisome, ” said Kobsidthi Silpachai, head of capital market research at Kasikornbank Pcl in Bangkok.

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