The University of the Thai Chamber of Commerce saw the bright side of holding the election on December 23 as an economic expert there believed the polls will result in many political parties jump-starting their political campaigns and thus generating 30-40 billion baht in cash flow.

“This will also give a much needed injection to the flagging economy,” said Thanawat Polwichai, chief of the center for economics and business forecasting, “and we may be able to enjoy an increased GDP growth by 0.2%.”

It is widely believed that Thailand will not be able to enjoy an economic growth target of more than 5% this year, however, due to third quarter losses combined with other external factors. But analysts believe the economy will pick up steam in the fourth quarter now that the date of the general election has been set and the government has approved the allocation of budgets to various ministries.
The Post Publishing Public Co