(NNT) – The private sector is waiting to see new ministers in charge of economic portfolios who may raise the confidence of investors. The Consumers Confidence Index was reported at 77.7 in May, the lowest in 19 months.

Thanawat Pholvichai, director of University of the Thai Chamber of Commerce’s Economics and Business Forecasting, said a new cabinet is expected within this month following the recent election of a prime minister. In particular, the economic ministers would carry out the performances to raise the investors’ confidence. The coalition government would continue to steer policy matters.

In particular, the economic ministers would carry out the performances to raise the investors’ confidence. The coalition government would continue to steer policy matters.

Mr. Thanawat disclosed that the Consumers Confidence Index dropped to 77.7 in May, the lowest in 19 months, due to the people’s concerns over political uncertainties and fears of the trade war between the United States and China which is affecting Thailand’s export industry. The prices of farm goods remain low, thus restraining the purchasing powers of the farmers

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thailand’s cannabis industry threatened by legalisation U-turn

The legal uncertainty surrounding cannabis in Thailand is sapping confidence in an industry that flourished in the year following decriminalisation.

Thai Industries Sentiment Index drops for two consecutive months in May 

The Federation of Thai Industries (FTI) Chairman attributed the decline to global economic uncertainties, high production costs, policy interest rate rises, and concerns over the new government

Thailand’s Economic Revival and Investment Opportunities

Despite Thailand continuing to face several challenges this year, ranging from a weaker baht, a contraction in exports due to external risks, and a predicted fall in public consumption, the country offers ample opportunities for foreign investors