Bolstered by the government’s stimulus measures, Thailand's consumer spending is predicted to hit a 17-year high, reaching 103.04 billion THB (2.9 billion USD).
The University of the Thai Chamber of Commerce’s chancellor, said that “Tourism Aid” will stimulate tourist spending by between 30 - 50 billion baht, to the benefit of Thailand’s economy.
The private sector in Thailand is calling on the government to continue easing its lockdown measures to allow other businesses, particularly those related to tourism and supply chains, to restart to curb escalating unemployment.
Thailand’s consumer confidence slumped to a 21-year low in April as the public remained worried about the poor economy, unemployment and future income because of the COVID-19 pandemic.
The COVID-19 pandemic has hit Thailand’s economy harder than any event in the last six decades, with its GDP projected to fall 4 percent and 10 million jobs to be lost, according to the University of the Thai Chamber of Commerce (UTCC).
The Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has forecast that up to 45 billion baht in cash flow will be in circulation during the Vegetarian Festival this year.
Thailand’s Deputy Prime Minister General Prawit Wongsuwan has instructed police to seriously crack down on football gambling and debt-collecting violence ahead, during and after the 2018 FIFA World Cup, which will begin in Russia on June 14.
Slow disbursement of public investment has left Thailand plodding behind faster-growing Southeast Asian economies, according to a study by University of the Thai Chamber of Commerce.
Thailand’s consumer confidence index increased for the second consecutive month in September, thanks to brighter economic prospects as exports and tourism continue to grow, according to a recent survey.
Thailand should actively join negotiations on free trade deals to offset the prospect of protectionism in global trade, according to the University of the Thai Chamber of Commerce (UTCC).
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