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Warning Signs as Challenges Mount for Thailand’s Business Health

International Business Report: Warning Signs as Challenges Mount for Thailand’s Business Health.

The Grant Thornton International Business Report (IBR) for H2 2023, which measures sentiment amongst mid-market business leaders, shows a considerable drop in overall business health across Thailand. Intensifying pressure from neighboring economies, combined with growing pessimism for the private sector, are largely driving this steep decline in economic outlook. Grant Thornton’s biannual report consolidates surveys and interviews from mid-market businesses, analyzing market sentiment through anticipated trends and business conditions for the upcoming 12-month period.

The H2 2023 IBR findings are striking, in that they reveal a significant departure from the otherwise consistent trend of positive sentiment among business leaders in recent economic periods. Expectations of strong…

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