BANGKOK, March 29 (TNA) – A speedy process to form the
new coalition government will lead to political certainty and better prospect
for Thailand’s economy, a senior official of the Bank of Thailand (BOT) says.
Don Nakornthab,
Senior Director of BOT’s Macroeconomic and Monetary Policy Department
said that after the official election results expected to be announced on May
9, a new government should be formed in June.
The sooner new government was installed the better it was
for the economy, he said.
Any delay of the process would have negative impact on the
country’s economic growth which was forecast at 3.8 percent, said Mr Don.
The political development will be the focus in the next
meeting of BOT’s Monetary Policy Committee, a body governing key fiscal issues.
Mr Don noted that political factor played a big part in
determining major policies going forward.
The BOT has said domestic demand remains the key growth
driver in 2019, as private consumption continues to be supported by government
welfare measures.
Currently, the economy had enjoyed moderate growth spurred
by domestic private and public spending despite shrinking exports, he said.
(TNA)
