Concerns surrounding the new outbreak of COVID-19 in Thailand have directly impacted the economy, with New Year events cancelled and the tourism industry once again at a standstill. These conditions have caused the December 2020 Thai Chamber of Commerce Confidence Index (TCC-CI) to plummet to a 6-month low.
The University of the Thai Chamber of Commerce (UTCC) released the TCC-CI for December 2020 at a score of 31.8, which is lower than November 2020’s figure of 33.7, due to concerns in the business sector about the impact of the second wave of COVID-19, on the public, business operations, and the national economy.
The UTCC President and Chief Advisor to the university’s Center for Economic and Business Forecasting (CEBF) said today that failure to contain the new outbreak within the next three months would result in more layoffs, which will heavily affected the national and…
