Post by account_disabled on Dec 28, 2023 8:04:22 GMT
Economic Research Center Business and the grassroots economy, Government Savings Bank reveals the confidence index for startup entrepreneurs in the 4th quarter of 2019 is good. Dr. Chatchai Payuhanaweechai, Director of the Government Savings Bank, revealed that “The results of the survey of the Startup Entrepreneur Sentiment Index (SSI) for the 4th quarter of 2019 surveyed a sample of 500 startup entrepreneurs nationwide. It was found that the SSI Index The index for the 4th quarter of 2019 was at the level of 51.65, higher than the median value of 50, indicating that startup entrepreneurs still have confidence in the overall business situation.” However, the index value in the 4th quarter has continued to decline.
Because Although in the past the government has taken steps to stimulate the economy through various measures, such as the Farm Income Guarantee measure that began paying compensation to farmers in November and the Taste, Shop, Spend project that covers a variety of businesses to stimulate spending. which can help produce and sell products Especially Email Marketing List consumer products can increase somewhat. But from the overall Thai economic situation that is still sluggish, consumers are still cautious about spending. By choosing to pay only for necessary products In addition, the baht that continues to strengthen affects exports. Including the number and expenses of foreign tourists. As a result, the tourist season in Thailand is not as lively as it should be. As a result, the confidence of startup entrepreneurs decreased slightly. For the SSI Index in the next 3 months, most startup entrepreneurs assess that overall business conditions have a chance of improving.
This is reflected in the confidence index expected in the next 3 months at the level of 59.32 from the fact that many countries Begin using easing financial measures to stimulate the economy. It is expected that the world economy will improve and result in an increase in world trade volume. In addition, if the 2020 Annual Budget Act is enacted in the beginning of the first quarter of 2020, it will result in Money drives the economy and has a positive effect on sales of goods and services in the future. However, due to the economic slowdown, it affects purchasing power and domestic consumption. Households are careful with their spending and reduce unnecessary spending. Including increased business competition, these are still factors that undermine the sales of products and services of entrepreneurs. This may result in business confidence not being as expected.
Because Although in the past the government has taken steps to stimulate the economy through various measures, such as the Farm Income Guarantee measure that began paying compensation to farmers in November and the Taste, Shop, Spend project that covers a variety of businesses to stimulate spending. which can help produce and sell products Especially Email Marketing List consumer products can increase somewhat. But from the overall Thai economic situation that is still sluggish, consumers are still cautious about spending. By choosing to pay only for necessary products In addition, the baht that continues to strengthen affects exports. Including the number and expenses of foreign tourists. As a result, the tourist season in Thailand is not as lively as it should be. As a result, the confidence of startup entrepreneurs decreased slightly. For the SSI Index in the next 3 months, most startup entrepreneurs assess that overall business conditions have a chance of improving.
This is reflected in the confidence index expected in the next 3 months at the level of 59.32 from the fact that many countries Begin using easing financial measures to stimulate the economy. It is expected that the world economy will improve and result in an increase in world trade volume. In addition, if the 2020 Annual Budget Act is enacted in the beginning of the first quarter of 2020, it will result in Money drives the economy and has a positive effect on sales of goods and services in the future. However, due to the economic slowdown, it affects purchasing power and domestic consumption. Households are careful with their spending and reduce unnecessary spending. Including increased business competition, these are still factors that undermine the sales of products and services of entrepreneurs. This may result in business confidence not being as expected.