Connect with us
intralinks

Economics

Thailand’s Consumer Confidence Drops to Record Low in April

The University of the Thai Chamber of Commerce (UTTC) estimated an economic loss of 400-600 billion baht if the outbreak continues beyond this month

Published

on

BANGKOK (NNT) – The University of the Thai Chamber of Commerce (UTTC) said consumer confidence hit a record low in April, dropping to 46.0 from 48.5 in March, dented by a new wave of COVID-19 infections.

UTTC president Thanavath Phonvichai said consumers feel that the economy has not recovered much and, lacking catalysts and consumer confidence, will remain on a downward trend with no signs of recovery until new infections decrease and more vaccinations are administered.

He said the university estimated an economic loss of 400-600 billion baht if the outbreak continues beyond this month, adding that the government should rush to implement fresh relief measures to help shore up the economy.

The latest outbreak has accounted for more than half of Thailand’s total infections and deaths and has slowed domestic activity.

Information and Source
Reporter: Woraprat Lerpaisal
Rewriter : Tarin Angskul
National News Bureau & Public Relations: http://thainews.prd.go.th

Loading...
Click to comment

Leave a Reply

Economics

China’s new three-child policy highlights risks of aging across emerging Asia

Thailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gains.

Published

on

Street vendor in Bangkok

Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.

(more…)
Continue Reading

Economics

How Thai economy began to be affected by the third wave of COVID-19

In April 2021, the Thai economy began to be affected by the third wave of the COVID-19 outbreak according to a report published by the Bank of Thailand.

Published

on

In April 2021, the Thai economy began to be affected by the third wave of the COVID-19 outbreak according to a report published by the Bank of Thailand.

(more…)
Continue Reading
Wise

Most Viewed

Subscribe via Email

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

Join 14,086 other subscribers

Recent