in budget disbursement. As the momentum from the above mentions, the Thai economy in 2018 was expected to continue expanding which the Bank of Thailand revised up the growth forecast to 4.4 percent (as
which the Bank of Thailand projected to record growth of 3.5 percent in 2017, and 3.7 percent in 2018 (as of June 2017). However, the economic growth in the period ahead still challenge with uncertainties
. Meanwhile, farm income declined due to a more-severe-than expected impact of the drought. The Bank of Thailand reduced Thailand’s economic growth projection for 2020 to contract 5.3% (as of March 2020
accommodate the investment and tourism growth in the Eastern Economic Corridor. In 2019, the Company opened 9 hotels in the Philippines, Qatar, United Arab Emirates, China and Thailand, totaling 37 hotels
Policy Committee (MPC) resolved to lower the Thai policy rate to 1.50 percent from 1.75 percent – its first such move in four years – in its meeting held on August 7, 2019. Thailand Economic Growth Sources
3 4 5 6 3Q 2017 4Q 2017 1Q 2018 2Q 2018 GDP Headline Inflation Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce Ye ar- on -Y ea r
-o n- Ye ar C ha ng e ( pe rce nt) Thailand Economic Growth 2 1 2 1 2016 2017 2017 Sources: Office of the National Economic and Social Development Board and Ministry of Commerce 2 Foreign Workers