Analysts shrug off inflation concerns
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Weak purchasing power means there is not much to worry about
published : 29 Jul 2021 at 07:33 A sign promotes the government s co-payment scheme at Chatuchak weekend market. (Photo: Pornprom Satrabhaya)
Inflation rates in developed countries, particularly in the US and among nations in the European Union, have been rising since the beginning of the year, in part because of large stimulus schemes designed to rehabilitate their economies battered by the pandemic.
Other possible reasons for the inflation rate hike are pent-up demand, recovering world commodity prices due to a production disruption during the pandemic, and a shortage of shipping containers.
Thailand s competitive position
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Thai consumer confidence hits record low in June amid virus outbreak but financial stability remains robust
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Consumer confidence index plunges to new low
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published : 9 Jul 2021 at 07:33
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Consumer and business sentiment fell to record lows in June as sectors fret about rising Covid-19 infections and fatalities.
The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 43.1 in June from 44.7 in May, 46 in April, 48.5 in March, 49.4 in February and 47.8 in January. Consumer confidence slumped in June to the lowest level in 22 years and nine months October 1998 as people are worried about the impact of the third wave. There are daily reports about rising infections and death tolls, increased political instability and a delay in the government s vaccine distribution plan, said UTCC president Thanavath Phonvichai.
Consumer confidence hits record low
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published : 8 Jul 2021 at 10:59
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Consumer confidence dropped to a record low in June, dented by the country s biggest coronavirus outbreak, a slow vaccine rollout and a sluggish economic recovery, a survey showed on Thursday.
The consumer index of the University of the Thai Chamber of Commerce fell to 43.1 in June from 44.7 in May.
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