"The largest winning party should be able to form the government, but that's not the case. There are three steps to it: Winning the elections is one thing, forming the government is the second proposition and the biggest challenge to get you on Prime Minister," he added.
"We expect Q1 GDP growth to remain tepid, but sufficient to signal that the economy bottomed out in Q4 2022, which would support the BOT [Bank of Thailand]'s rate hike," she said. Chutchotitham also expects the new government to be confirmed in August and the economy's full-year 2023 fiscal budget slated to be announced sometime in the final quarter of the year.
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