Growth in the retail business began to slow in the second half of 2018, and the outlook for this year is brutal. (File photo)The Thai Retailers Association (TRA) predicts flat consumer spending in the first half, despite bullish consumer sentiment from the planned general election and the value-added tax refund for Chinese New Year shopping. If not, the second half will be lethargic to failing for some business segments, said Mr Worawoot. "The overall outlook for retail spending this year is not looking great. An increase of wages for the elderly, introducing an hourly minimum wage and promoting border trade, would boost incomes and it is hoped consumer spending.
Source: Bangkok Post February 11, 2019 21:45 UTC