Thai executives warn against fiscal burden increase: SET survey

The Stock Exchange of Thailand (SET) has published a survey in which top executives from Thai listed firms have urged the government to avoid amplifying the nation’s fiscal burden and distorting markets. The executives also proposed more involvement from the private sector in policymaking. The survey, titled Economic Outlook 2023 to 2024, was the work of the SET’s research department and collaborating partners.

The survey, which spanned from August 16 to September 30, gathered responses from executives of 68 companies across 21 business sectors, representing 26.2% of the SET’s market capitalisation as of October 31. It revealed that the majority of the CEOs project slower economic growth than their earlier prediction of 2.3% for this year, with an anticipated improvement to 3.4% in 2024.

“Tourism, fiscal policy, government…