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Somkid Jatusripitak: From economic wizard to Thailand’s next PM?

Somkid Jatusripitak: From economic wizard to Thailand’s next PM?

13 Sept 11:06 Key points summarised by AI
  • Renowned economist and former economic czar, Somkid Jatusripitak, announced his readiness to contend for Prime Minister, leading the new Sarng Anakot Thai Party as a moderate option in Thailand's polarized political landscape.
  • Somkid boasts over two decades in politics, having co-founded Thai Rak Thai and served as a key economic minister under Thaksin Shinawatra, and later as Deputy PM for economic affairs under the Prayut Chan-o-cha government, showcasing a strong history of economic influence.
  • Despite his acclaimed economic performance, political observers question his political management abilities, noting his new party's significant challenge in lacking incumbent MPs and the need to attract veteran politicians to overcome the established parties and the Senate's influence in selecting the premier.
  • Some economists perceive Somkid as a potentially more effective leader for Thailand's economy compared to the current PM, Prayut, citing a lack of economic improvement and declining foreign investment under the present administration, though acknowledging the systemic hurdles to his premiership.
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