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Thai consumer confidence reaches 27-month low amid US tariff threats and economic concerns.
Thai consumer confidence hit a 27-month low in May, dropping to 54.2.
This decline is fueled by fears of a 36% US tariff threat and a weakening economy.
The tariff concerns could cost the economy between $4.6 billion and $6.2 billion.
The Ministry of Finance lowered the GDP growth forecast for 2025 to 2.1%.
The economy experienced a 2.5% growth in 2024, short of targets.
Consumer prices have also fallen, indicating deflationary pressures.
Talks with the US to avert tariffs have not yet begun.
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La confianza del consumidor tailandés alcanza su nivel más bajo en 27 meses en medio de las amenazas arancelarias y las preocupaciones económicas de los Estados Unidos.