(Photo: Pattarapong Chatpattarasill)Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine. According to Mr Thanavath, the continuous rise in oil prices and expensive product prices had adversely affected both present and future consumer sentiment. The scheme aims to boost the economy and shore up consumer spending affected by Covid-19 outbreaks. "People say they are not able to handle continually rising product prices," he said. "We see the Thai economy as tending to slow down and have yet to see signs of recovery."

Source: Bangkok Post May 11, 2022 06:53 UTC