Boonsithi urged the government to lead the private sector in injecting money into the economic system by speeding up the execution of its infrastructure and transportation projects, such as the high-speed railroads.
"The government is now on the right track in granting policies and measures to stimulate and grow the Kingdom's economy.
"We believe that in the second half of this year, the purchasing power of individual consumers will gradually improve," he said.
The country's food industry would be the first to rebound and would be followed by other daily necessities, including fast-moving consumer goods.