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Thailand: Consumer mood dips for 2nd month over virus outbreak, Ukraine
Thai consumer confidence dropped for a second straight month in February, hitting a five-month low, due to concerns over the Covid-19 outbreak, the Ukraine crisis and a slow economic recovery, a survey conducted by the University of the Thai Chamber of Commerce (UTCC) showed on Wednesday.
The UTCC consumer index fell to 43.3 in February from 44.8 in the previous month.
On Tuesday, Finance Minister Arkhom Termpittayapaisith said the country’s economy may grow less than a forecast of 3.5% to 4.5% this year due to the impact of the Ukraine crisis on tourism, trade and consumption.
The number of foreign tourist arrivals in Thailand could also miss the ministry’s forecast of 7 million this year, Mr Arkhom told a news conference.
Finance Minister Arkhom Termpittayapaisith (File photo: Bangkok Post)
Source: https://www.bangkokpost.com/business/2276387/thai-feb-consumer-mood-dips-for-2nd-month-over-virus-outbreak-ukraine