Thailand retailers impacted by drought
With the agriculture industry employing 32% of the Thai labour force, the drought’s side effects are impacting other industries in Thailand, including retail.
According to Jariya Chirathivat, president of the Thai Retailers Association (TRA), the Thai retail economy in the third quarter of 2015 expanded by 2.8%, a drop from 3% in 2014 YoY. In the first half of 2015, the Thai economy grew by 3%. It is expected to round up at 2.9% in the year-end, a drop from 3.2% in 2014 YoY.
Thailand retailers impacted by droughtWith the agriculture industry employing 32% of the Thai labour force, the drought’s side effects are impacting other industries in Thailand, including retail.According to Jariya Chirathivat, president of the Thai Retailers Association (TRA), the Thai retail economy in the third quarter of 2015 expanded by 2.8%, a drop from 3% in 2014 YoY. In the first half of 2015, the Thai economy grew by 3%. It is expected to round up at 2.9% in the year-end, a drop from 3.2% in 2014 YoY.
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