Most CEOs expect below-4.5% growth
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Over half of listed companies' CEOs (57 per cent) believed that the Thai economy will expand below 4.5 per cent this year, according to the survey by Thai Listed Companies Association.
In the previous CEO Survey, conducted in December, the majority believed that the economic growth would be above 4.5 per cent.
The latest survey covered 75 CEOs of listed companies in the Stock Exchange of Thailand and Market for Alternative Investment, covering all 9 industries.
Surong Bulakul, CEO of PTT as chairman of the association, said that 28 per cent of the respondents said that the global economic slowdown is the biggest risk to Thailand's economic growth.
Following is political stability, the government's economic policies, foreign exchange volatility and a decline in domestic purchasing power.
