Coup fears mount amidst turbulence

Thailand’s economy could face its greatest risk if political changes occur in ways that do not follow democratic processes, warns a Thailand Development Research Institute (TDRI) economist.

- WICHIT CHANTANUSORNSIRI

Nonarit Bisonyabut, a research fellow at TDRI, said there are four possible scenarios for Thailand’s political change: a minority government following the Bhumjaithai Party's withdrawal from the coalition; appointing a new prime minister; holding new elections or dissolving the House of Representatives; or a political change that does not follow democratic means.

“It remains unclear which of the four scenarios will materialise,” he said.

“However, if the change occurs through non-democratic means, it would have the most severe consequences for the economy because it could lead to protests and violence.”