Businesses optimistic of stronger economy next year: survey
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THAI businesses are optimistic of economic growth next year as the service and industrial sectors boom, while their confidence that the economy will improve during the final two quarters of this year is also rising, a survey by the University of the Thai
The recent bombings in several provinces south of Bangkok should not dent the Thai economy, but will have short-term impacts on people’s confidence and the retail sector.
In its survey of 600 enterprises, the UTCC found that businesspeople still had confidence that the economy would grow more strongly next year on rising sales in the tourism and service sectors, followed by the manufacturing sector. However, the agricultural sector has not brightened much yet despite higher crop prices, as farmers still have low incomes compared with several previous years.
