The private sector is calling for political parties to negotiate and compromise to form a new coalition government soon after witnessing post-election instability pressure economic sentiment.
"We are worried there will be a political rally on the street," said Supant Mongkolsuthree, chairman of the Federation of Thai Industries. "Business operators expect to see a new administration formed in May after the coronation ceremony for His Majesty the King during May 4-6."
Mr Supant yesterday chaired the monthly meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
"In addition to political parties, related organisations should find ways to facilitate forming a new coalition government," he said. "Once all stakeholders realise they have interests in common, the protracted instability should ease."
Mr Supant said turmoil and political rallies would be the worst-case scenario that could pressure the economy, business and investment, as has happened in the past.
After the general election, many companies and investors are considering their business movements in Thailand.
"They are waiting for a clear conclusion about the new government, as this can mobilise the country," Mr Supant said. "Many companies expect to continue their investment plans and want to see existing government policies maintained."
In addition, business operators are calling for the Election Commission to publicise an explanation of problems and clear people's doubts.
Thais will then be able to accept the election results, Mr Supant said.
As the political situation remains unstable, JSCCIB is downbeat about its economic projection for 2019, cutting its growth view from 4-4.3% to 3.7-4%.
Export growth is seen at 3-5%, down from the previous forecast of 5-7%.
The JSCCIB is maintaining its inflation projection for the year at 0.8-1.2%.
Mr Supant said the economy faces myriad risks, internal and external.
"The trade war between the US and China is a key concern pressuring the economy, while the Brexit situation remains uncertain," he said.
The JSCCIB plans to study the feasibility of the national digital trade platform to serve international trading and import and export companies.
"We have set a new committee to study this project because Thailand is the Asean chair for 2019," Mr Supant said. "We plan to propose our study for discussion among Asean members."
