BANGKOK – The government’s economic stimulus measures periodically imposed this year resulted in continuously increasing consumer confidence, according to Director of the Center for Economic and Business Forecasting Thanawat Phonwichai.
Mr. Thanawat reported November’s consumer confidence index, saying it increased for the second months in 11 months to stand at 74.6. The index increased since consumers felt that the Thai economy had improved and they hoped that the economy would recover in the near future, said the director.
Mr. Thanawat added that the government’s economic stimulus measures would make the economy to gradually improve in the first quarter of 2016.
As for the Thai economy in the fourth quarter this year, it would likely expand by 3.3%-3.6% from the government’s economic stimulating projects expected to inject 50 billion baht to the economic system this year, said the director.
