Political turmoil in Bangkok to increase country’s jobless rate

February 6, 201411:07 am321 views
Political turmoil in Bangkok to increase country’s jobless rate
Political turmoil in Bangkok to increase country’s jobless rate

Thailand’s unemployment rate this year is set to increase to 1% due to political turmoil, up from 0.7-0.8% in 2013, said The Bangkok Post.

The Federation of Thai Industries vice-chariman Thanit Sorat was quoted as saying: “It is quite clear that Thailand will not have a new government until the latter half of this year due to the problems facing election procedures.”

The vacuum will delay public investment, which will affect private spending and consumption, said the report.

(Visited 1 times, 1 visits today)