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flag Thai consumer confidence reaches 27-month low amid US tariff threats and economic concerns.

flag Thai consumer confidence hit a 27-month low in May, dropping to 54.2. flag This decline is fueled by fears of a 36% US tariff threat and a weakening economy. flag The tariff concerns could cost the economy between $4.6 billion and $6.2 billion. flag The Ministry of Finance lowered the GDP growth forecast for 2025 to 2.1%. flag The economy experienced a 2.5% growth in 2024, short of targets. flag Consumer prices have also fallen, indicating deflationary pressures. flag Talks with the US to avert tariffs have not yet begun.

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