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Polarisation hurts Thailand's competitiveness

Deep political polarisation in Thailand since 2006 is adding to structural challenges to the country's competitiveness, and that reform delays could eventually negatively affect the sovereign's credit profile, which has largely remained immune to the country's political disturbances, said Moody's Investors Service.

Specifically, Moody’s views that the coup d’état of May 2014 has likely, for now, put a floor on deteriorating consumer and investor confidence. But progress in structural economic reform likely hinges on reduced political uncertainty, otherwise competitiveness and economic growth would further erode over the medium term

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