Retail sentiment in the third quarter is expected to remain bearish because of political challenges, according to the Thai Retailers Associations (TRA). Chatrchai Toungratanaphan, vice-president of the TRA, said the associations expects retail sentiment, as gauged by the Retail Sentiment Index, from July to September to remain flat because of rising uncertaintyabout the formation of the government and the new administration’s economic policies, which may require significant adjustments from the business sector. The association expects the index to stay in a range of 47-50 points from July to September. In an effort to stimulate retail sentiment, the TRA proposed a new government be quickly established, allocating budgetary expenditure by implementing targeted and streamlined economic stimulus measures. These measures include increasing purchasing power for lower-income consumers and prompting spending among high-potential consumer groups, while simplifying procedures for easier accessibility. The new government is also advised to promote tourism to attract foreign and domestic travellers, said the association. (ICE BANGKOK)

Fonte notizia: Bangkok Post