THAILAND: A reshuffle does not mean a reform agenda

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The country could suffer the deepest recession in Southeast Asia. A reshuffle of key economic positions in the third quarter is more about political consolidation than in formulating new ways of thinking about economic policy. The focus will continue to be on the big-ticket infrastructure projects and in keeping specific constituencies happy, and in using the large stimulus to attract new allies for the leading political party. As discussed previously, the June realignments within the leading People’s State Power Party (PPRP) are expected to result in a cabinet reshuffle sometime
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