Thailand: Questions remain over outlook

• Oct 30, 2017

As Thais paid their last respects to late King Bhumibol last Thursday at the royal cremation ceremony, many are asking if there will be a surge in business and consumer sentiment during the last two months of the year.

Although the mourning period has come to an end, there are still concerns and uncertainties over economic conditions in this year’s final quarter, with many analysts asking if last year’s subdued growth after the late King’s passing on Oct 13 will repeat itself.

Restrictions were put on entertainment and television for one month from mid-October to mid-November last year, while tourism and consumer spending was muted as the country grieved the passing of the world’s longest-reigning monarch. No restrictions are in place at this time, but the sentiment among Thais poses a mixed bag for the final quarter’s economic outlook.

Source: https://www.bangkokpost.com/news/politics/1350927/questions-remain-over-outlook