Since the military have taken control of Thailand, enforcing curfews and declaring the Constitution “terminated,” it is still unclear how the coup will affect trade within the region.
Business leaders have reacted calmly, stating the coup will not have any more of a negative effect on the economy than the last six months of civil unrest, reports the Bangkok Post.
While government agencies in the US, Singapore and Australia have sent warnings for travellers to reassess their needs to travel to Thailand, effects on the economy have yet to show.
Areas exposed to declining consumer confidence such as the property and retail sectors could potentially see further declines if political instability continues, after reporting weaker performances since the civil rest began in the last quarter of 2013, according to ratings agency Fitch.
For over six months, civil unrest has threatened peace in the country, culminating in the recent military coup – the second in less than a decade. Lead by General Prayuth Chan-ocha, the military declared martial law this week, detaining at least 25 politicians, announcing the “termination” of the Constitution and banning public gatherings of more than five people.
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