Tourists visit the Grand Palace in Bangkok on Sunday. With tourism and domestic consumption pacing the economy, the JSCCIB predicts Thai growth of 3-3.5% this year. Apichart Jinakul
The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more.
Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, said the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is monitoring politics and awaiting a new government.
If the new government can be set up by August, it would bolster confidence among Thais, business operators, and local and…
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