Business

Thai coup adds to challenges for economy

By Washington Examiner
Published May 23, 2014 9:04am ET
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Thai coup adds to challenges for economy
A Thai soldier, right, reacts to a student holding an anti-coup sign as the student tries to take a photo with the soldier during a brief protest near the Democracy Monument in Bangkok, Thailand Friday, May 23, 2014. Thailand's ruling military on Friday summoned the entire ousted government and members of the politically influential family at the heart of the country's long-running conflict, a day after it seized control of this volatile Southeast Asian nation in a non-violent coup. (AP Photo/Apichart Weerawong) | Apichart Weerawong

BANGKOK (AP) — Thailand’s economy was already struggling before the country’s military seized power in a bloodless coup Thursday, saying it needed to restore order after six months of protests aimed at ousting the elected government. The military takeover, the second since 2006, could ensure stability in the short term. But analysts fear the army’s intervention will result in Thailand’s political divide becoming even sharper, holding back the economy and living standards in the longer run.

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