Tuesday, September 29, 2020

Most CEOs downbeat on Thai economy 2020, survey finds

Jan 06. 2020
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Many chief executive officers did not expect Thailand's economy would improve this year, citing global economic uncertainties, according to the "CEO Survey" of 100 individuals, conducted by Krungthep Thurakit newspaper in December last year.

Around 68.4 per cent of the respondents did not expect the economy to improve this year, while 31.6 per cent was of the opinion that the economy would fare better this year. 

Of those who did not expect an improvement, 29.6 per cent said the economy was expected to slow down, while 25.5 per cent expected flat growth.

Meanwhile, 40.2 per cent of the respondents said the digital disruption would pose a challenge to business this year. 

Of the total, 81.6 per cent said they would go ahead with business plans while 51.5 per cent would focus on developing business platforms for new revenue sources.

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