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Thailand's prime minister remodels the government to prop up the economy

The Prime Minister of Thailand, General Prayuth Chan-ocha, undertook his fifth government reshuffle since his rise to power in 2014 and with the aim of underpinning the improvement of the battered local economy, today publish local media.

Bangkok, Nov. 25 (EFE) .- Thailand's Prime Minister, General Prayuth Chan-ocha, undertook his fifth government reshuffle since his rise to power in 2014 and with the aim of prop up the improvement of the battered local economy, local media are publishing today.

The Thai Gross Domestic Product will grow by 3.6 percent in 2017, according to the forecasts of the Ministry of Finance, a figure far from the growth forecasts of its neighbors in Southeast Asia such as Cambodia (7.1%), Laos (6.9%), the Philippines (6.6%), Vietnam (6.3%) %), Indonesia (5%).

King Maha Vajiralongkorn of Thailand approved the changes, published the day before by the State Bulletin, which involve movements in 18 posts in ministries such as Trade, Agriculture, Energy, Labor and Tourism, among others.

The military coup on May 22, 2014 against the civil government of Yingluck Shinawatra, since August fugitive from the Thai justice, brought Prayut to power with the promise of making important changes in the nation.

However, the riot damaged the international image and exports of Thailand fell, as well as the GDP of 2014 that stood at 0.9%.

The following years the economy began a slow improvement (growth of 2.9% in 2015 and 3.2% in prop up in the current year driven by the normalization of exports and public spending, at the same time as private investment slows down.

According to the latest Information from the military government, Thailand will hold general elections in November 2018 that will return the country to democracy.

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