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New Thai PM Pursues Populist Policies Amid Economic Uncertainty

  • After months of political turmoil, new Thai PM Srettha Thavisin appointed in August, boosting investor optimism.

  • Thavisin plans populist policies like digital cash handouts, concerning some economists about impact on public debt.

  • Thavisin described economy as "sick", wants to boost growth to 5% annually through stimulus measures.

  • Delayed 2024 budget unveiling creates uncertainty around fiscal policy direction.

  • Experts say Thavisin will likely pursue small military reforms to compromise with establishment.

cnbc.com
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