BANGKOK (AFP) — The political turmoil playing out in Thailand's capital is damaging the kingdom's economy, hitting its thriving tourism sector and making investors wary, business leaders said.
Analysts predict sliding stock prices and cancellations of tourist bookings will only worsen as anti-government protests and a state of emergency in Bangkok continue.
"The current political problems will later cripple the country's economic growth," warned Kavee Chukitkasemm, assistant managing director at Kasikorn Securities.
Thailand's stock market is down more than 26 percent since anti-government protests first broke out in late May, with the market's composite index losing 5.64 percent over the past week.
