Post by account_disabled on Jan 2, 2024 7:56:11 GMT 2
Mrs. Saowanee Thairungroj, President of the University of the Thai Chamber of Commerce Announcement of the Consumer Confidence Index In July 2019, it stood at 75.0, declining continuously for the 5th month and the lowest in 22 months since October 2017 due to concerns over the overall economic situation that has not yet recovered much. This is because consumers are concerned about the trade war between the United States and China that has caused the global economy to slow down. and political stability to the price of agricultural products remaining stable at a low level that undermines overall consumer confidence.
Mr. Thanawat Phonwichai, Director C Level Executive List of the Economic and Business Forecasting Center of the University of the Thai Chamber of Commerce, said that at this time there are no factors that will cause consumer confidence to improve. From many indicators, many items have dropped significantly. Especially the consumer confidence index regarding the current economy. which has adjusted to its lowest level in 17 years and 10 months, reflecting that people are aware of the problems with prices of agricultural products, rice, rubber, and palm oil. that prices remain stable at a low level The number of Chinese tourists has decreased. which is negative Makes you have to be careful with spending.
From the index of suitability for buying a car Buying a new house Spending for travel and suitability for doing business All items decreased. Moreover, additional impacts are not included. from drought problems The trade war that the United States has begun to announce will increase additional tariffs. and the explosion in Bangkok That will affect consumer confidence to continue to decline into the 4th quarter if the drought situation does not improve. And there is still no economic stimulus measure. Therefore, there is a chance that the Thai economy will expand lower than the University of the Thai Chamber of Commerce predicted.
Mr. Thanawat Phonwichai, Director C Level Executive List of the Economic and Business Forecasting Center of the University of the Thai Chamber of Commerce, said that at this time there are no factors that will cause consumer confidence to improve. From many indicators, many items have dropped significantly. Especially the consumer confidence index regarding the current economy. which has adjusted to its lowest level in 17 years and 10 months, reflecting that people are aware of the problems with prices of agricultural products, rice, rubber, and palm oil. that prices remain stable at a low level The number of Chinese tourists has decreased. which is negative Makes you have to be careful with spending.
From the index of suitability for buying a car Buying a new house Spending for travel and suitability for doing business All items decreased. Moreover, additional impacts are not included. from drought problems The trade war that the United States has begun to announce will increase additional tariffs. and the explosion in Bangkok That will affect consumer confidence to continue to decline into the 4th quarter if the drought situation does not improve. And there is still no economic stimulus measure. Therefore, there is a chance that the Thai economy will expand lower than the University of the Thai Chamber of Commerce predicted.