BANGKOK, 30 January 2012 (NNT) – According to Bangkok Poll, conducted by Bangkok University, Thai economists believe that confidence in the country’s economy is at its lowest in 18 years, but that it will improve in 3-6 months’ time.

The Bangkok Poll was conducted among 72 economists from 32 leading organizations about their opinions on the Thai economy during the next 3-6 months.

The poll has revealed that confidence index is currently at 28.41, indicating that those surveyed believe that the economy is at the weakest point in 18 months; resulting from their declining confidence in the nation’s export, private investments, and foreign tourists; all of which stemmed from the devastating flood in 2011 and the terrorism alert issued by the American Embassy in Thailand at the beginning of this year.

As for the sentiments in the Thai economy in the next three months, the index stands at 63.41; the index moves up to 72.19 for the sentiments in the economy six months from now.

Factors contributing to a better economic climate in 3-6 months, the economists say, include government spending and private investments; while export is said to be of the least influence on the economic drive.

Read more: NNT