Political Conflict Doesn’t Help Thailand

Thailand’s economy shrank in the first quarter of the year as the political struggle affected businesses at home and deterred foreign investors.

Gross domestic product (GDP) contracted by 2.1% in the three months to March compared with the previous quarter.  On an annual basis, the Thai economy shrank by 0.6%.

A combination of falling investment, lower exports and a drop in household consumption affected the economy.  The data comes less than two weeks after Thailand’s constitutional court removed Prime Minister Yingluck Shinawatra from office, along with nine Cabinet ministers.


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