Think-tank expects new Thai government by MayListen to this articleThe Economic Intelligence Center (EIC) at Siam Commercial Bank expects the formation of a new government to take as long as five months, which could weigh on the economy, with growth projected at less than 1% in the first half of this year. EIC forecasts the new government could take office in May following the general election scheduled for Feb 8. However, several risk factors could prolong the process, including renewed instability along the Cambodian border and election-related litigation. As a result, the enactment of the fiscal 2027 budget bill is expected to be delayed by 1-2 months, prolonging budget disbursement and public spending this year. These reforms span multiple areas, including household debt, competitiveness, infrastructure investment, environmental risks, demographic challenges, labour quality, inequality, social welfare and public sector governance.

Source: Bangkok Post January 24, 2026 08:46 UTC