"UTCC"

Household debt in Thailand surged to around THB218,000 per household, the highest in 14 years, according to the University of Thai Chamber of Commerce (UTCC).

Consumer sentiment in March dipped to 42.0, the lowest in six months, because of Omicron worries and the Russia-Ukraine war fallout, the University of the Thai Chamber of Commerce (UTCC) announced on Friday.

Total spending over next week’s Songkran holiday could fall to the lowest in a decade, the University of the Thai Chamber of Commerce (UTCC) warns.

The University of the Thai Chamber of Commerce (UTCC) on Thursday (November 18) announced its estimation of gross domestic product (GDP) in 2021 at 1.5 per cent expansion due to a more comprehensive vaccine distribution, easing up of lockdown measures and reopening of some tourism provinces.

A survey of 369 Thai Chamber of Commerce members found that the confidence index at the end of 2020 had dropped from 33.7 to 31.8 – the lowest since July – due to the new wave of Covid-19 infections, the University of the Thai Chamber of Commerce (UTCC) said.

The Consumer Confidence Index in November rose for two straight months to 52.4 thanks to the government's continued launch of stimulus packages to revive the subdued economy, a survey conducted by the Centre for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) showed.

The government's plan to hand out payments of Bt3,000 to 15 million people will boost economic growth in the fourth quarter by an estimated 1-1.5 per cent, according to Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC).

The University of Thai Chamber of Commerce (UTCC)’s Centre for International Trade Studies has estimated that the Covid-19 pandemic will reduce the value of Thai trade by Bt423.05 billion to Bt1.02 trillion.

Approximately 5 million Generation Y and Z employees face economic uncertainty as they risk being laid off because they do not have enough working experience, and their salaries were between Bt10,000 and Bt20,000, the University of the Thai Chamber of Commerce pointed out.

The University of Thai Chamber of Commerce (UTCC) has revised down its Thai GDP growth forecast this year from 2.8 per cent to 1.1 per cent, due to Covid-19 and other negative factors such as slump in export and tourism, and the drought. .

The Centre of Economic and Business Forecasting under The University of Thai Chamber of Commerce (UTCC) has revised downward its forecast of the country's economic growth this year to 2.8 per cent from 3.1 per cent, citing a number of emerging negative factors.

The University of Thai Chamber of Commerce (UTCC) will revise downward its forecast of the country's economic growth this year from the previous prediction of 3.1 per cent, due to a number of emerging negative factors, said Thanavath Phonvichai, director of Centre of Economic and Business Forecasting on Friday (January 10).