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Survey finds most entrepreneurs still hard hit by economic slump

A survey finds that most entrepreneurs in the country view that the Thai economy has not yet recovered. They also report that their performance in the first quarter 2016 did not improved compared to the same period last year.

Conducted by the Faculty of Economics of the Dhurakij Pundit University, the survey found that most of the respondents or 41.6% thought that their situation worsened, 36.4% thought it barely changed and 11% thought it was better.

As for the business outlook for the next six months, they said risk factors for their business included the Thai and global economies which had not yet recovered and higher competition caused by drought. These factors made them spend more carefully, reduce costs, delay investment and cancel marketing campaigns.

The faculty’s rector Kiatanant Luankaeo said the government’s financial assistance for SMEs did not cover all of them and urged the government to provide more aid.

NNT

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