According to a survey entitled “What Worries the World – What Worries Thailand” that was done in 30 nations by the market research firm Ipsos, over 40% of Thais are most concerned about their financial issues, spending, political unpredictability, and corruption.
29% of Thais are concerned about rising inflation, despite the Bank of Thailand’s announcement that it will work to keep inflation at no higher than 4%, while 39% are concerned about poverty, inequality, and social issues. Due to the development of new technology that will replace humans, such as AI, 26% of people are concerned about unemployment.
Violent crime worries 25% of Thais as well.
According to Usana Chantarklum, managing director of Ipsos Thailand, these are the top five concerns of the Thai people as revealed by an opinion survey conducted over the past six months among 6,000 adults over the age of 18 who represented different groups.
In addition, the survey reveals that 57% of Thais believe the Thai economy is in poor shape. Compared to 49% of the world’s population, 72% of Thais think their economy is in recession.
The belief that Thailand’s economy is in recession, rising inflation, and rising interest rates—all of which are likely to have an impact on people’s ability to buy things in the second half of the year—are the main causes of pessimism in Thailand.
However, according to Usana, South Koreans are more worried about a recession than Thais are, with 79% of South Koreans feeling that their nation is experiencing one. With 63%, Japan came in third, after Malaysia (62%), India (44%), and Japan.
Usana claimed that the weak situation of the Thai economy has caused consumers to be less willing to spend money on luxuries like name-brand goods, which has an effect on the commercial sector.
She claimed that although inflation rose slightly after the start of the conflict in Ukraine in February of last year. However, six months later, inflation increased to 6% before declining as a result of a rebound in tourism. She pointed out that the prediction of a massive influx of Chinese tourists into Thailand has not yet materialized.
Additionally, she stated that 65% of Thais are concerned about rising utility costs, including fuel and electricity, which are anticipated to continue in the second half of the year. Unless the government intervenes to keep utility costs in check, this will increase the price of food.
READ MORE: https://bangkokone.news
SOURCE: http://thaipbsworld.com
