Retail industry expected to grow by 3.2% this year
The retail industry will see only thin growth of 3.2 per cent this year, as there are no encouraging signs for the remaining months, according to the Thai Retailers Association.
Jariya Chirathivat, the association’s president, said Monday that households were still weighed down by heavy debt. Middle-to-lower-income earners have less money to spend. The drought has dried up the purchasing power of the grass roots, particularly farmers.
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