Businesses and schools suffer protest disruption | Bangkok Post: business

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Businesses and schools suffer protest disruption

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Thailand's gross domestic product (GDP) growth for 2014 is likely to languish below 3% if anti-government protests are prolonged into the second quarter of the year, the University of the Thai Chamber of Commerce (UTCC) warned on Tuesday. 

Ath Pisalvanich, director of the UTCC's International Trade Studies Centre, said ongoing political turmoil is affecting the business sector, particularly small and medium enterprises (SMEs) competing in markets in Asean member countries.

Orders placed with SMEs are declining, while clients are buying goods from other countries because Thai manufacturers can no longer set exact delivery dates for customers due to the continuing political conflict, he said.

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