News Forum - Thai consumer confidence dips due to political instability and slow recovery

[Thaiger]

Reports today reveal that last month Thai consumer confidence dramatically dropped for the first time in 14 months. Evidence pointed towards the general unease of continuous political instability in the Kingdom of Thailand after the General Election took place in May, as well as a sluggishly recovering economy. The survey, helmed by the esteemed University … …

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[palooka]

A military-backed opponent’s high-ranking member also extended support, hoping to put an end to the long-standing stalemate, reported Bangkok Post.

Well, that would inspire confidence no end.

How bloody thick are they or just naive thinking the populace will accept it.

[Grumpish]

"Despite the political turmoil, the UTCC reported that the tourism industry remains a stronghold supporting economic activities due to a surge in foreign tourist arrivals.."

Unless there are tanks on the streets tourists generally don't care too much - and it is the two week tourists that are the bread and butter of the industry. Ongoing investment elsewhere is another matter though, and having no actual government is a big red flag for investors.

[Metoo]

Really good article here on the state of the economy......

https://www.bangkokpost.com/opinion/opinion/2626837/why-do-i-smell-tom-yum-kung-cooking-