According to the news agency The Nation, despite the latest research from Bangkok University indicating a slight slowdown in Thailand’s economy, economists remain confident that the Kingdom’s economy will continue to grow over the next 3–6 months.
Based on a survey of 60 economists from 31 different organizations, the confidence index remained unchanged from the previous quarter, averaging 56.68 points.
While the confidence index for the next three months stood at only 50.85 points, the longer-term six-month outlook was significantly higher at 59.61 points. This is due to expectations of increased investment in both the public and private sectors in the near future.
Positive Trend
Many economists believe that key sectors of Thailand’s economy will perform well over the next six months. These sectors include consumer markets, private sector investment, government spending and investment, and tourism.
However, experts expect exports to remain stable without significant growth due to weak global demand and the strengthening of the Thai baht.