ID :
187713
Fri, 06/10/2011 - 13:05
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Shortlink :
http://m.oananews.org//node/187713
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Thai election raises CCI for first time in four months
BANGKOK, June 10 (TNA) - The Center for Economic and Business Forecasting of Bangkok-based University of the Thai Chamber of Commerce, reported that Thailand's consumer confidence index (CCI) rose for the first time in four months in May 2011, thanks to the country's forthcoming general election, set on July 3.
The center's director, Thanawat Polvichai, said that Thailand's CCI rose to 80.4 points last month, from 79.6 points in April, as people hoped that after the July 3 national poll, the new Thai government would issue economic stimulus policies. Besides, world oil prices have begun to drop and more money has changed hands in the lead-up to the country's upcoming general election.
However, most people were concerned over their rising costs of living over the next six months. They were also seriously worried over expensive fuel, political uncertainty in the country and the vulnerable recovery of the world economy.
Thanawat said he believed that domestic consumption should be expanding and predicted that the Thai economy should grow by over 4 per cent and inflation should be capped at 4 per cent this year. (TNA)
The center's director, Thanawat Polvichai, said that Thailand's CCI rose to 80.4 points last month, from 79.6 points in April, as people hoped that after the July 3 national poll, the new Thai government would issue economic stimulus policies. Besides, world oil prices have begun to drop and more money has changed hands in the lead-up to the country's upcoming general election.
However, most people were concerned over their rising costs of living over the next six months. They were also seriously worried over expensive fuel, political uncertainty in the country and the vulnerable recovery of the world economy.
Thanawat said he believed that domestic consumption should be expanding and predicted that the Thai economy should grow by over 4 per cent and inflation should be capped at 4 per cent this year. (TNA)
