Thailand Other

Thailand

Thailand: Prime Minister dissolves the parliament, setting the stage for early elections

May 18, 2011

On 9 May, Prime Minister Abhisit Vejjajiva received the king's approval to dissolve the House of Representatives in order to hold national elections on 3 July. The political contest will represent Thailand's first election since 2007. In 2007, the Parliament elected Abhisit Vejjajiva with military backing as Prime Minister after former Prime Minister Thaksin Shinawatra was ousted in a coup. Thaksin Shinawatra was later sentenced to jail for corruption and abuse of power. Since then, Prime Minister Abhisit Vejjajiva has struggled to assert his legitimacy to lead a divided country, in particular in the poor north-eastern and northern regions of the country, where a powerful anti-government movement commanded from exile by Shinawatra remains strong. Supporters of Thaksin Shinawatra, who had aligned with the ?red-shirt? anti-government movement, demonstrated in the streets of Bangkok in April and May last year in violent protests that were crushed by the military, resulting in a death-toll of some 90 people. Despite the strong opposition movements from pro-Thaksin Pua Thai Party, local analysts expect the ruling Democrat Party to gain sufficient support, resulting in a tight election. However, if neither party wins a majority in the 500-seat lower house, they will need to form a coalition government with smaller parties, which make the future course of politics even less predictable. While the election will take Thailand's divisions from the streets into the political arena, analysts suggest that it could trigger further protests by supporters of the losing side, intensifying the level of confrontation and polarisation in the months to come.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Other in Thailand? Download a sample report now.

Download




Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

More news

Search form