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In the two months since the military coup on May 22, the Thailand SET Index has advanced about 10%. The Thai baht gained 1.9% against the dollar and the iShares MSCI Thailand Capped ETF (THD) rallied 12.8%.

The perception is that the military is good for the economy. Army General Prayuth Chan-ocha last week said he expected exports to grow 7.2% from a year ago in June, or about $20.5 billion, a sizable jump from the average of $18.6 billion during the first five months this year. The interim government now expects that the Thai economy can grow at least 2% this year.