Thailand’s economic activity showed signs of slowing in the second quarter as a result of the higher cost of living, says World Bank Thailand.
The bank’s monthly economic monitor in May reported indicators of economic activity in the second quarter this year show signs of a slowdown.
Survey results reveal the rising cost of living, in particular higher energy costs attributed to the war in Ukraine and pandemic concerns, have affected consumer spending.
The mobility index remained unchanged in April and May at 16 points, despite the decline in new Covid-19 cases to an average of 8,193 per day during the first two weeks of May, down from more than 20,000 cases in March and April.
In contrast, the mobility index of regional peers including Malaysia, Indonesia and the Philippines…
