Index at 33-month low point
Business sentiment plunged to a 33-month low in March as the sector worried that the escalating coronavirus outbreak would drag the country’s economy into a deeper contraction than Thailand saw during the 1997 financial crisis.
The University of the Thai Chamber of Commerce (UTCC) reported today business confidence dipped to 37.5 from 44.9 in February and 45.4 in January. The March reading was a 33-month low since January 2018.
Phusadee Arunmas
