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NEW UPDATES Asean Affairs  7 July 2015  

Consumer confidence in Thailand falls further

CONSUMER confidence in Thailand looks likely to continue its six-month slide after hitting a one-year low in June, according to the University of the Thai Chamber of Commerce.

"Many negative factors crimped consumer confidence in the economic expansion, both internal and external.

It seems consumer sentiment will continue to deflate in the following months as there are no positive factors to blow it up," Thanavath Phonvichai, director of the university's Economic and Business Forecasting Centre, said on Friday.

Concerns are focused on the drought, global economic sluggishness after Greece defaulted and labour issues in the fishing industry.

With consumer confidence continuing to weaken, the economy has a high possibility of growing slower than the projection of 3-3.5 per cent, averaging 3.2 per cent, this year.

Consumer confidence has been in free fall for half a year due to the plunge in crop prices, contraction in exports and slowdown in economic growth as well as the bad news about the drought, Greece's woes and the mess in the fishing business.

The centre's preliminary estimate of the damage to the economy from the drought is 0.1 percentage point. Exports would shrink by 1-2 per cent this year.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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