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Economics

Surging Thai Economy Could Sway Junta to Stick to Early 2019 Elections

  • Thai economic growth jumped to a five-year high last quarter
  • Government says the figures will boost private sector morale
Shopping in the Thai Capital as Retailers Hope $188 Billion Engine of Economy Will Revive
Photographer: Brent Lewin/Bloomberg

A surprise surge in Thailand’s economic growth could sway the country’s military government to stick to a plan for fresh elections early next year.

Rebounding agricultural output and more traditional drivers such as exports and tourism helped propel gross domestic product growth to a five-year high of 4.8 percent last quarter. Deputy Prime Minister Somkid Jatusripitak said soon afterwards that political stability under the military administration had bolstered the economy.