Thailand's Constitutional Court has dismissed Prime Minister Srettha Thavisin for an ethical violation, finding him guilty of selecting a tainted lawyer as a cabinet minister, thereby igniting political instability.
The court's verdict, which was decided by a narrow 5 to 4 vote, is final and cannot be appealed. This decision not only affects Srettha but also poses significant risks to the current coalition government.
Srettha expressed sadness over the court's verdict, emphasizing that political turmoil could further jeopardize the already fragile economic recovery, especially with foreign investors withdrawing due to ongoing instability.
Economists warn that the dismissal of Srettha could lead to delays in crucial economic policies, highlighting concerns over Thailand's continued sluggish growth, with the benchmark stock index and the baht reacting negatively.
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