Full story: Bangkok PostThailand's consumer expenditure is projected to surge by 30.7% by 2022, driven mainly by travel, consumer food and beverage sectors, says global market research firm Euromonitor International.
Locals to spend 30.7% more by 2022
Locals to spend 30.7% more by 2022
Given the already out of control consumer borrowing, and the general lack of pay rises for locals, I find this one of the most ludicrous headlines of the year.
Championship Stoke City 3 - 0 Plymouth Argyle
Points 48; Position 20
Points 48; Position 20
- StevePIraq
- Rock Star
- Posts: 3043
- Joined: Sat Jun 28, 2008 1:21 pm
- Location: Ting Tong Land
Re: Locals to spend 30.7% more by 2022
The way they eat I can understand the spend
"Live everyday as if it were your last because someday you're going to be right." Muhammad Ali
Re: Locals to spend 30.7% more by 2022
Yes, quite right OP. I too am also curious as to which dark hole they pull these figures out from. Considering most Thais that are eligible for debt are up to their eyeballs in it and those that aren't have used the informal loan sharks...seems strange that they can nonchalantly just whip this out of nowhere with little supporting evidence and declare the future is rosy and secure.
It's not as if wages are going to grow sufficiently, savers start spending or people in general are going to be given more credit...the opposite looks like it is happening. Unless, of course, they are talking about the influx of Chinese that is projected to happen in the next 5 years...maybe, but that is hardly "Thai" local spending.
It's not as if wages are going to grow sufficiently, savers start spending or people in general are going to be given more credit...the opposite looks like it is happening. Unless, of course, they are talking about the influx of Chinese that is projected to happen in the next 5 years...maybe, but that is hardly "Thai" local spending.
Resolve dissolves in alcohol
Re: Locals to spend 30.7% more by 2022
Need to know who commissioned the research and what the remit was. Otherwise it's meaningless. If it was a sales pitch by the company to extend it's business in Thailand, same thing applies. I wonder if they factored in the next coup?
I think it's obvious that younger, better off young Thai's are travelling more, especially to other parts of Asia on cheap flights, but the very strong baht makes such travel relatively cheap. What happens when the baht falls, or the economy takes a hit?
I think it's obvious that younger, better off young Thai's are travelling more, especially to other parts of Asia on cheap flights, but the very strong baht makes such travel relatively cheap. What happens when the baht falls, or the economy takes a hit?
Talk is cheap