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Consumer Confidence Index

Staff Reporter 23.08.2009 21:08
Consumer Confidence Index - Economy - Index - Consumer - Forecast


The Director of Business and Economic Forecast Center at the Thai Chamber University, revealed that the current consumer confidence index has increased, climbing up for two consecutive months.



Furthermore, economic confidence has increased from 65.4 to 66.3% as a result of the public believing that the national economy will recover after the government approved an 800,000 baht loan bill to stimulate the economy in the second session and extended the Five Citizen Welfare measures until December.

 

However, an index number lower than 100 indicates that people still remain anxious about Thailand’s' economic recession, the unstable political situation, the swine flu pandemic, and the increasing price of gasoline. The government should urgently stimulate consumer confidence by enacting economic stimulus measures in September in order to increase employment and to control the price of gasoline. Thailand's economy, in the fourth quarter, is expected to increase at least 1-2%, while the national GDP is expected to remain -3.5% this year.



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