Thailand's turbulent politics may have shaken investors' confidence in the country, but the uncertainty won't derail the economy or the stock market, the CFO of the Stock Exchange of Thailand told CNBC.
"If you look at Thailand during the past 20 years, you can notice that we have very short period" of political stability, Pakorn Peetathawatchai, the CFO of the Stock Exchange of Thailand, said. "However, during the past 20 years, you see Thailand-listed companies (and the) Thai economy growing," he said.
While the political issues will persist for now, Thai-listed companies are still seeing good earnings growth, Pakorn said.
The stock market is certainly shaking off some of the turmoil, with the SET index clocking an around 7 percent rise so far this year, outperforming the MSCI Asia ex-Japan index's 2.7 percent gain. Still, Thai shares are still down around 9 percent over the last 12 months and are trailing regional peers the Philippines and Indonesia, which have seen their markets tack on more than 12 percent each so far in 2014.
However, economic growth has stumbled in the wake of the sometimes violent political protests, which began in late October, with gross domestic product (GDP) rising 2.9 percent in 2013, well below 2012's 6.5 percent as Thailand rebuilt after the previous year's catastrophic floods. Some economists believe the country may slip into a recession.