Open figure viewer
Significance
This complicates government efforts to identify and apprehend perpetrators of the August 17 bombing of the Erawan shrine, whose death toll now stands at 22. Schools in Bangkok are closed, the baht fell to its lowest level against the dollar in six years, and the stock exchange suffered its heaviest drop in shares in tourism, airlines and hotel companies.
Impacts
Further attacks remain a distinct possibility.
Tourist arrivals, especially from Asia, will fall, eroding growth in the sector and overall economy.
Tighter internal security controls are unlikely to be criticised by Western capitals, despite their discomfort with the coup.
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
You do not currently have access to this content.
