Thanawat Phonwichai, director of the UTCC’s Centre for Economic and Business Forecasting, said that the Thai Chamber of Commerce confidence index in March fell to 37.5, the lowest point since January 2018, as a result of the pandemic crisis.
“Our members have never experienced a situation like this. Economies around the world are facing the same damage as our own, ” Thanawat said. “However, Thailand still can recover in the fourth quarter if the situation stabilises.
Results of too much relying on one belt one road from China and this road leaves trail of debts,virus and bankruptcy.
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