Thailand's Turmoil Adds Pressure on Economic Outlook

        0345 GMT >Dow Jones] Thailand's economic growth outlook is increasingly uncertain as the Constitutional Court is due to rule if Prime Minister Yingluck Shinawatra has abused her power and should be removed from office for her cabinet's transfer of the national security council chief in 2011. "Judging from the recent wave of court rulings against the government, the odds are not in Ms. Yingluck's favor," London-based Capital Economics writes in its latest note. "Guilty verdicts would raise the possibility of violent head-on confrontations between government supporters and anti-government protesters." Capital Economics also noted that Thailand's economic prospects are still heavily dependent on the political situation, while adding that it remains too early for it to revise downward the current 2% GDP projection for 2014 yet. (nopparat.chaichalearmmongkol@wsj.com)
        (END) Dow Jones Newswires

        May 06, 2014 23:45 ET (03:45 GMT)

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