Political vacuum 'damaging' | Bangkok Post: news

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Political vacuum 'damaging'

Academic warns of hit to economic growth

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The Bangkok shutdown by anti-government protesters and the absence of a functional government could shave one percentage point off Thailand's economic growth, says an academic. 

"Economic growth this year could come in below 2%, given that the political situation continues and there is no government in place," said Prof Bhanupong Nidhiprabha, the dean of Thammasat University's economics faculty.

Political problems have taken a toll on private consumption and foreign investors' confidence, both considered main drivers of economic growth.

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