, core inflation rose from 0.47 percent in the same period last year and 0.61 percent last quarter to 0.76 percent, reflecting a gradual recovery in domestic consumption. The average exchange rate was

sectors. Tourism was heavily affected by airspace and border closures, while merchandise exports fell sharply as demand from major trading partners fell, impacting both manufacturing production and domestic

to Thailand, which caused the Thai Baht to strengthen rapidly. To cope with domestic and international economic and political uncertainties as well as abrupt changes in capital movements, KBank is

Thai Baht’s rise. Meanwhile, domestic interest rates dropped across all maturities. The Monetary Policy Committee (MPC) resolved to slash the policy rate by 25 basis points in its August 2019 meeting

traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see

as the rise of e-commerce and growing global supply chains, both of which limited the pricing power of domestic firms. As a result, Thailand’s nominal GDP increased by 6.3 percent, leveling at Baht

traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

1.50 percent to accommodate the recovery path of domestic activity for the remainder of this year. Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that

-rolled coil reference prices on world market for Q1/2013 – Q4/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production for 2017 was at