The University of the Thai Chamber of Commerce reveals the furious New Year 2016 after people ignore COVID and turn to spend.

pushing spending to more than 100 billion baht, the highest in 3 years, growing 20%, reaching a maximum of 17 years, the most wanted gifts from the government are suppressing corruption, stimulating the tourism economy, using the state score 6.2 out of 10, and increasing the electricity bill.

Private sector can bear no more than 3 months

Mrs. Saowanee Thairungroj, Advisor to the University Council of the Thai Chamber of Commerce

Revealed the results of a survey of consumer spending during the New Year festival that

Most of them, up to 90.8%, answered that the atmosphere was as lively as last year to more bustling.

It is expected to have a spending value of 103,039 million baht, an increase of 20.1% from 2022, which is considered a value that exceeds 100,000 million baht in 3 years and the highest in 3 years since 2021, but still lower than before the COVID period. with spending of 135,279 million baht in 2019 and 137,809 million baht in 2020, with an expansion rate of 20.1%, the highest in 17 years since the survey began in 2007, divided into social parties 11,732.54 million baht, making merit 8,266.84 million baht, purchase of consumer goods 18,943.80 million baht, purchase of durable goods 2,096.28 million baht, purchase of luxury goods 1,562.20 million baht, domestic tourism 57,491.80 million baht and international tourism 2,945.66 million baht.

“According to the survey results, COVID has no effect.

Because as many as 80.4% of respondents said that it did not affect their spending.

therefore saw the image of going out of the tourist area both domestically and internationally

including returning home

Resulting in increased spending on tourism from the previous year.

With spending on domestic tourism at 10,262 million baht from 2012, it was at 5,445.28 million baht, and traveling abroad was 27,168.75 million baht, an increase from 21,508.32 million baht.

When asked how much the current economic situation and debt problems affect spending in the new year

Regarding economic conditions, 54.4% of the respondents answered yes, another 45.6% answered no, as for debt, 55.6% answered yes and another 44.4% answered no.

Most of them come from salary / regular income.

followed by savings, state aid such as traveling together

State welfare cards, bonuses/extra income, and others such as winning prizes, gambling while the most desired gifts from the state are government reforms to suppress corruption. The government should be transparent and verifiable.

Followed by measures to stimulate domestic spending, reduce the cost of living such as water, electricity, fuel, increase employment, wages, reduce taxes.

“The number 1 thing I want most is the suppression of corruption.

Shows that people have heard, seen or felt corruption in the year 66, Center for Economic and Business Forecasting.

Therefore came back to explore the corruption situation in the country again.

After many years of hiatus

The government revised ratings section for the past year.

The overall score is 6.2 points out of 10.

Mr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce

and the Chairman of the Advisor

The Center for Economic and Business Forecasting said that the New Year's atmosphere in 2013 was lively and bright throughout Thailand, with the Thai economy expected from the first quarter to be brighter.

As a result of the Shop Dee Mee Night measure, the government expects people to spend 60,000 million baht, when combined with the money from the tourism stimulus measures of approximately 4,000 million baht, there will be more money in the tourism sector.

10,000-20,000 million baht should make the first quarter of 2023 have money circulating in the economy of at least 100,000 million baht, resulting in the economy growing by 0.7-1.0% to at least 3.5% growth.

For the increase in electricity bills during the new year

An increase of about 20% in electricity tariffs from 4 baht per unit to 6 baht will affect the business sector.

especially small

Entrepreneurs have two options: raise the price of the product.

and cause inflation to rise

or if the product price does not increase

Liquidity will be less, resulting in bad debt.

and reduce employment. Therefore, energy prices are still something that the government has to control.

support during the first trimester

“Increase electricity bills

It inevitably increases costs.

believe that the business sector cannot bear

or may be able to carry only another 1-3 months”.