Thai Consumer confidence increased for the sixth consecutive month in January, reaching the highest level in 47 months since March 2020. This was supported by the government’s stimulus measures to boost spending and lower electricity and fuel prices.
- Consumer confidence in Thailand rose to its highest level since March 2020, driven by government stimulus measures and positive economic indicators such as domestic tourism recovery and improved crop prices.
- The University of the Thai Chamber of Commerce anticipates gradual economic recovery in 2024, with a focus on tourism, exports, agricultural product prices, and government spending, potentially leading to a growth rate exceeding 3%.
- The business sector’s sentiment, as measured by the TCC Confidence Index,…