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Investing.com -- Thai consumer confidence dropped for a sixth consecutive month in July to its lowest level in 31 months, according to a survey released Thursday.
The University of the Thai Chamber of Commerce’s consumer index fell to 51.7 in July from 52.7 in June.
The university cited the lagging economy, trade war tensions, and high living costs as factors continuing to undermine consumer confidence.
"The confidence index shows no signs of recovery, with consumer purchasing power still subdued," university president Thanavath Phonvichai said at a press conference.
Phonvichai added that "the economy shows signs of stagnation and needs more stimulation," warning that Thailand’s economy might grow by only 1.7% in 2025, a significant decline from the 2.5% expansion recorded in 2024.
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