SME factory closure jump spurs calls for state investment

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The story "SME factory closure jump spurs calls for state investment" was covered 5 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 5h ago

SME factory closure jump spurs calls for state investment - Bangkok Post

Quick Summary:

The closure of more than 660 factories by small and medium-sized enterprises (SMEs) in the first half of 2024 has raised alarms among economists and business leaders.

The country’s economy expanded 1.9% last year, lagging regional peers as it faces high household debt and borrowing costs as well as weak exports.

According to the business group, the Thai economy is expected to grow by between 2.2% and 2.7% this year, unchanged from a previous forecast.