quarter which contracted at 12.1%, because of the government expenditure and public investment expanded, while private consumption, private investment, and export of goods declined at a slower pace compared

’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2020, causing the price of crude palm oil to rise, with the

of local businesses, their workers as well as increased household debt. Moreover, recovery on tourist and export sectors, key engines for Thai economy, still mainly depend on large scale vaccination in

% growth in the previous quarter, as a result of private consumption and public investment showed contraction while export of goods, private investment and government expenditure expansion. In addition, the

2021, together with the government’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2021, causing the

. • The enterprise business has been a growing sector post COVID-19 and continued strong demand in CCIID (Cloud, Cyber Security, IoT, ICT solution, Data Center) from tourism, export, and service sectors

lower demand from foreign trading partners affecting the export sector. The local political uncertainties that arose in this quarter further added pressure and caused delayed investment decisions in

global economy due to financial market tightening and macroeconomic headwinds which created contraction risks, especially for Thai export sectors. Nonetheless, private consumption showed a sign of

recovery of some business sectors, including the export sector that continued to decline due to the economic slowdown in Thailand's major trading partners. This may affect the ability to pay of customers in

the export sector, although it has a better outlook in the third quarter. In additions, the household debt rate remained high, the Company, therefore, implemented a more stringent credit lending policy