New Year to generate B109bn for economy

Quick Summary:

New Year spending is projected to generate 109 billion baht of economic circulation, but people are spending cautiously as the economy has not fully bounced back, according to the University of the Thai Chamber of Commerce (UTCC).

In terms of sources of funds, the survey found 47% of respondents plan to use their salaries or regular income, followed by savings.

Popular items include gift basket purchases (26.5%), followed by expenditure on hosting parties, cash gifts, and purchases of alcoholic beverages.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Recovery Utcc Economic Baht Survey Expected Consumer Year Spending Economy Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 05:29:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24651801

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 21 posts per day

Year Established: 1946

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News Last Updated: 3 hours ago

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Publisher ID: #66

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