Business operators lack faith in local economy
Investors have expressed a lack of confidence in Thailand’s economy because of a decline in exports, the drought-induced expected slowdown in domestic consumption, and the sluggish global economy. Somkiat Anuras, vice chairman of the Thai Chamber of Commerce, said the chamber’s Business Confidence Index was only 42, while the Economic Confidence Index stood at a very low 22.8. Scores above 50 indicate positive confidence. The Thai economy is expected to improve in the latter half of this year, subject to global economic factors.
