Southeast Asia’s digital economy slows as consumers cut spendingConsumers in Thailand and other countries the region are curbing spending to cope with elevated inflation and interest rates. The local digital economy is also set to record its lowest level of private funding this year, the report showed. Consumers in the region of more than 650 million people are curbing spending to cope with elevated inflation and interest rates. “Robust macroeconomic conditions in SEA continue to underpin the digital economy,” the researchers wrote in the annual collaborative report. In the first half of the year, tech giants committed about $30 billion to build AI-ready data centers, the report showed.
