If government formation is delayed by three months, an analyst predicts subdued economic growth in the first quarter of 2026. However, the business sector remains concerned about governance continuity, particularly the potential economic impact if government formation is delayed, as was the case in 2023. According to data from 2023 when a government was formed three months after the election, GDP declined by 1.8 percentage points. If the election occurs on Feb 8 next year, a new government should be in place by March 8." In the upcoming election, no single party is expected to secure a majority, resulting in a fragmented coalition government, said Mr Aat.

Source: Bangkok Post December 21, 2025 23:29 UTC