InfoQuest, (June 05, 2019) -- Thai exports are expected to show negative growth for the remaining months of this year due to the impact of global trade. Before releasing new economic forecasts at its next meeting on July 2, 2019, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will review and assess the country’s economic situation again.
Considering domestic political situation, great attention should be paid to the establishment of the new government. Meanwhile, as the delay of the 2020 fiscal budget has weighed on the investment disbursement, Thai economy is likely to grow at slower pace than previously expected.
At the meeting of the JSCCIB, the private sectors expressed concerns about the current political situation, hoping that there will be political clarity soon. If all goes well, when exports hit snags, domestic expenditure and stimulus packages implemented by the government will still help boost the expansion of Thai economy.
Source: InfoQuest, by Nisarat Wichiensri / Rachada / Wilawan, translated by Xinhua Silk Road
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