Lunar New Year spending seen at 11-year low - survey
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The estimated spending compares with about 45 billion baht last year, Thanavath Phonvichai, president of the UTTC, told a briefing.
"The main reason is higher prices of goods as people felt their incomes were lower and the economy had not recovered that much," he said, citing a consumer spending survey.
The Lunar New Year celebrations normally signal a jump in spending by many Thais and visiting tourists from China and other parts of Asia.
The economy may grow 3.5% to 4.5% this year, after estimated growth of 1.0%-1.5% last year, Mr Thanavath said.
https://www.bangkokpost.com/business/2254555/lunar-new-year-spending-seen-at-11-year-low-survey
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