Thai junta failing in economic rescue mission

Thai junta failing in economic rescue mission
Thai Prime Minister General Prayut Chan-o-cha

BANGKOK - Thailand's military government is fighting an uphill battle to save the nation's battered economy.

The government, led by Prayuth Chan-ocha, recently lifted martial law 10 months after a coup that deposed an elected government, but the move is no sign of progress toward a return to the normal state.

The junta has actually replaced martial law with a constitutional provision to give the country's coup-installed leader sweeping powers, provoking a wave of criticism among Western democracies.

Even though the Thai stock market has bounced back due to buying by domestic investors after nearly two months of falling, the prospects for the country's economic recovery remain murky as the junta is still unwilling to return power to a civilian government.

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