BANGKOK, 25 June 2012 – The Ratchaprasong Square Trade Association (RSTA) has indicated that politics will become the major risk factor for the economy during the second half of the year, while stating that the European crisis will lead to a minor drop in the overall tourist count.
RSTA President Chai Srivikorn said that businesses located in the Ratchaprasong intersection area are still worried over the ongoing political unrest during the second half of this year. Concerned about more political rallies which might occur in the area, entrepreneurs in the Ratchaprasong intersection are calling for harmony in the society.
Meanwhile, a number of closed-circuit television cameras (CCTVs) have been installed in the area for safety purposes.
In addition, Mr. Chai said that the financial crisis taking place in the European Union at present will cause a decline in the number of European tourists traveling to Thailand. However, the loss will be compensated by tourists from China, India, Russia and Arab countries, all of whom possess high purchasing power and will, thus, reduce the impact on the tourism sector.