webfact Posted August 14, 2019 Share Posted August 14, 2019 July 2019 economy shows no recovery signs: TCC BANGKOK,14th August 2019 (NNT) - The Thai Chamber of Commerce’s TCC Confidence Index in July 2019 showed no signs of recovery. The Chamber of Commerce is now expecting positive signs in Q4 2019. The University of the Thai Chambers of Commerce’s Center for Economic and Business Forecasting (CEBF) Director Thanawat Polvichai, revealed today that the TCC Confidence Index survey in July, using 369 samples from Chambers of Commerce nationwide showed a continuous decrease for the 5th month from 47.1 in June to 46.7 in July, reaching a 13-month low since July 2018. The decrease in this figure indicates lower confidence in all sectors, including consumption, investment, tourism, agriculture, and industry. Factors affecting the confidence index include the intensifying trade war between the U.S. and China; the drought disaster affecting farm products, and the Thai currency which has been appreciating continuously at the highest rate in Asia, affecting the economy and the export sector. Positive factors contributing to business confidence include more clarity in the forming of the new government, and the declaration of government policies including urgent measures to address the drought disaster. Overall, border and through-border trade in the first half of this year increased by 1.16 percent, and was worth 680 billion baht. The TCC continues to project Thailand’s economic growth this year will be some 3.3-3.5 percent, adding that global economic developments will have to be closely monitored, and that positive recovery signs should emerge in Q4 this year. -- © Copyright NNT 2019-08-14 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Oziex1 Posted August 14, 2019 Share Posted August 14, 2019 I would be more confident if there were some clarity on the governments drought plans, a story on how their plans are progressing would be welcome but there is rarely a follow up, a progress report. Link to comment Share on other sites More sharing options...
garyk Posted August 14, 2019 Share Posted August 14, 2019 Piff, easy to fix. Up the ATM rates to 20 dollars a transaction. Up the retirement visa rules, to 1.5 million instead of the 800K. Start making tourists transfer 10K into Thai banks before they can vacation in Thailand. Devaluate the currency. Easy peasy, Back on track before you can say "cat in a hat". Link to comment Share on other sites More sharing options...
Fex Bluse Posted August 14, 2019 Share Posted August 14, 2019 1 hour ago, Oziex1 said: I would be more confident if there were some clarity on the governments drought plans, a story on how their plans are progressing would be welcome but there is rarely a follow up, a progress report. Exactly, all Thai news media looks like Government to do this Committee to do that We never heard about any actual success. All talk, no action Link to comment Share on other sites More sharing options...
Fred white Posted August 14, 2019 Share Posted August 14, 2019 1 hour ago, garyk said: Piff, easy to fix. Up the ATM rates to 20 dollars a transaction. Up the retirement visa rules, to 1.5 million instead of the 800K. Start making tourists transfer 10K into Thai banks before they can vacation in Thailand. Devaluate the currency. Easy peasy, Back on track before you can say "cat in a hat". Don't give them any ideas Link to comment Share on other sites More sharing options...
trainman34014 Posted August 14, 2019 Share Posted August 14, 2019 No worries; the rich Indians are coming along with the odd Eskimo ! Link to comment Share on other sites More sharing options...
Cadbury Posted August 14, 2019 Share Posted August 14, 2019 4 hours ago, webfact said: July 2019 economy shows no recovery signs: July is history. PM Prayut took over economic management of the country in August. Just sit back and wait for the good news to flow. Link to comment Share on other sites More sharing options...
HeyHeyHey Posted August 14, 2019 Share Posted August 14, 2019 2 hours ago, Fex Bluse said: Exactly, all Thai news media looks like Government to do this Committee to do that We never heard about any actual success. All talk, no action Meanwhile every jockey and fuhckie in every town is doing sheriff and inventing their own laws and regulations Link to comment Share on other sites More sharing options...
HeyHeyHey Posted August 14, 2019 Share Posted August 14, 2019 2 hours ago, trainman34014 said: No worries; the rich Indians are coming along with the odd Eskimo ! I heard the Eskimos tourists go full penguin on holiday. Link to comment Share on other sites More sharing options...
sammieuk1 Posted August 14, 2019 Share Posted August 14, 2019 I'm fairly optimistic that the Thai economy will crash and burn under the generals dire leadership and transparent blagging skills ???? Link to comment Share on other sites More sharing options...
NCC1701A Posted August 14, 2019 Share Posted August 14, 2019 wow we are being bombarded by these poor Thai economy stories all of a sudden. like 5 or 6 in two days. Link to comment Share on other sites More sharing options...
Paul Henry Posted August 15, 2019 Share Posted August 15, 2019 Amazing how Thailand can lead the world. All major ecomomies around the globe are saying 4th quarter is going to get worse. TCC is going to prove them wrong and if by chance the Thai 4th quarter is down they can blame the rest of the world, not their fault! Link to comment Share on other sites More sharing options...
Darkside Gray Posted August 15, 2019 Share Posted August 15, 2019 The crystal ball seems a little cloudy. Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 15, 2019 Share Posted August 15, 2019 Drop the Baht, lay off the hot money inflows. That's all. Economy will recover. Link to comment Share on other sites More sharing options...
worgeordie Posted August 15, 2019 Share Posted August 15, 2019 I wonder if devaluing the Bht ,is on the Government's agenda, that surely would increase Tourism,and Exports,everything else is just hot air. regards worgeordie Link to comment Share on other sites More sharing options...
Srikcir Posted August 15, 2019 Share Posted August 15, 2019 20 hours ago, webfact said: The Thai Chamber of Commerce’s TCC Confidence Index in July 2019 showed no signs of recovery. The Chamber of Commerce is now expecting positive signs in Q4 2019. I think the sign they must be referring to is Dementia. https://www.medicalnewstoday.com/articles/324516.php Memory loss Being confused about time or place Challenges understanding visual information Poor judgment or decision-making Link to comment Share on other sites More sharing options...
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