Retail in Asia

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Thai business confidence falls markedly in quarter

Business optimism in Thailand slipped back in the second quarter, weighed down by the stoppage of unauthorised fishing trawlers, a decade-worst drought, failure of aviation to meet international safety standards and the cooling economies of major trade counterparts, according to Grant Thornton’s latest International Business Report.

Confidence in the Thai economic outlook declined to 10 percent from 36 percent in the previous three months.

Business leaders in Thailand cited a lack of growth initiatives as a major source of concern, according to the report, which surveyed 2,580 senior business leaders in 36 economies.

(Source: Bangkok Post)