Finance Minister Arkom Termpitthayapaisit said on Monday that the formation of a new coalition government will take some time, but is not expected to hurt the Thai economy.
Arkom noted that Thailand's current economic development strategies aimed at supporting clean energy and high-tech industries will allow the country to continue to develop steadily without major disruption during the formation of a new coalition government. In the meantime, the Thai economy remains strong enough, continuing to grow while maintaining stability, which help maintain investor confidence. Thai exports may have slowed over the past 4-5 months for certain commodities, but agricultural and food exports remain fairly strong.
In addition, public financial institutions such as the Bank for Agriculture and Agrarian Cooperatives and the Export-Import Bank of Thailand continue to provide capital investments to help small and medium-sized enterprises increase their exports. In general, despite the period of the formation of the new government, the Thai economy remains stable and continues to develop thanks to existing laws and investor confidence.
Author of the article: Ekaterina Antonova
