ADVERTISEMENT
Tuesday, June 24, 2025
  • Login
  • Register
Cart / $0.00

No products in the basket.

Thailand Business News
  • Asean
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Vietnam
  • Banking
    • Cryptocurrencies
  • Business
    • Companies
    • Investment
  • China
  • Economics
  • Investment
    • SET
    • Markets
  • Real Estate
  • Tech
  • Tourism
    • Travel
    • Visa
  • Trade
  • video
  • |
  • PR News
    • Media OutReach Newswire
    • PR Newswire
    • MarketersMEDIA Newswire
    • Submit a Press Release
No Result
View All Result
  • Asean
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Vietnam
  • Banking
    • Cryptocurrencies
  • Business
    • Companies
    • Investment
  • China
  • Economics
  • Investment
    • SET
    • Markets
  • Real Estate
  • Tech
  • Tourism
    • Travel
    • Visa
  • Trade
  • video
  • |
  • PR News
    • Media OutReach Newswire
    • PR Newswire
    • MarketersMEDIA Newswire
    • Submit a Press Release
No Result
View All Result
Thailand Business News
No Result
View All Result

Confidence index plummeting on COVID-19 concerns

NNT by NNT
February 15, 2020
in Economics
Reading Time: 2 mins read
A A
Share on LinkedinShare on TwitterShare on Facebook

BANGKOK (NNT) – The tourism and export sectors have been hit hard by the outbreak of COVID-19 in China, with a growing number of cases found in Thailand and the region. This has made the latest TCC Confidence Index for January 2020 show a continuous decline from the previous year.

The University of the Thai Chamber of Commerce’s (UTCC) Center for Economic and Business Forecasting’s (CEBF) consulting director Thanawat Polvichai, announced that the center’s Thai Chamber of Commerce (TCC) Confidence Index in January 2020, which measures the economic confidence of the country, scored 45.4, which is lower than the December 2019 score of 45.7, showing the 11th consecutive monthly decline.

COVID-19 virus concerns, air pollution issues and the drought disaster

The low performing number was affected by COVID-19 virus concerns which have severely affected the tourism sector, as well as the air pollution issue, the drought disaster, and the delay in government budget disbursements, affecting domestic consumption and delaying private investments.

The CEBF now expects the Thai economy to grow at only 0.5-0.8 percent in Q1 2020, wiping some 100 billion baht money from the system, and affecting the GDP performance by 1-1.5 percent.

The center is suggesting the government stimulate the tourism sector, to alleviate the declining number of international tourists, and to ensure the disbursement of the government budget occurs by April or May.

RelatedArticles

Tourism Decline Triggers Sharpest Stock Plunge in Asia for Thai Airport Company

Thailand and EU Aim to Finalize FTA Deal by End of 2025

Thailand’s export value surged by 18.4% year-on-year in May 2025, fueled by electronic exports to China

Previous Post

Thai banks slash growth forecast around 2%

Next Post

Tourist arrivals plunge 43% on Chinese travel drought

NNT

NNT

National News Bureau of Thailand. Public Relation Department of Thailand

Siam News

160 Robinson Road
#14-04 Singapore Business Federation Centre, Singapore 068914

Business Pages

  • Thailand Business Visa requirements?
  • Thailand’s Regulations on Cryptocurrencies and Digital Assets
  • Exchange Control Regulations in Thailand
  • Personal Income Tax in Thailand
  • Foreign Business Act : Who are considered foreigners?
  • Investment in Thailand
    • Conversion and Transfer Policies
    • Dispute Settlement
    • Requirements and Incentives

Subscribe notifications via Email

Enter your email address to subscribe and receive notifications of new posts by email.

SNN

  • Siam News Network
  • Thailand Business Directory
  • Thailand China News
  • Thailand PR News
  • ข่าวธุรกิจประเทศไทย
  • 泰国中国商业新闻
  • 泰国商业新闻
  • About
  • Submit a Press Release
  • Advertising
  • Community Standards
  • Contact Us
  • Cookie Policy
  • Copyright
  • Disclaimer
  • Internships
  • Newsletter
  • Privacy Policy
  • Principles of Ethics and Journalism Standards
  • RSS Terms
  • Terms of Use
  • English
  • ไทย
  • 中文 (中国)

© 2024 Siam News Network

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Login
  • Sign Up
  • Cart

© 2024 Siam News Network

  • ไทย
  • 中文 (中国)

Discover more from Thailand Business News

Subscribe now to keep reading and get access to the full archive.

Continue reading

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?