of exports declined by 5.4% mainly from the slow economic growth of trading partners including the shutdown measures imposed by several countries with the COVID-19 outbreak. In the tourism sector, the

V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

, deposits and loans of banking sector kept expanding. New loan extended to both business sector and household sector, corresponding with liquidity and interest rate in commercial banks that continually

effect to the expanding of the export sector. For the banking sector, in the third quarter of 2017, the overall of commercial bank lending increased from the previous quarter. The main focus is on the

expanding of the export sector. For the banking sector, in the third quarter of 2017, the overall of commercial bank lending increased from the previous quarter. The main focus is on the export sector

on the US economic and foreign trade policies, China’s economic structure reforms, as well as geopolitical risks that could undermine export recovery. For the banking sector in the second quarter of

the tourism sector, the number of tourist arrivals for the first 2 months of 2019 expanded by 2.5% yoy, however, the number of Chinese tourists which contribute almost 30% of total tourist arrivals

-cycle of electronic products. In the tourism sector, the number of tourist arrivals for the first five months of 2019 increased 1.6% yoy while the number of Chinese tourists which contribute about 29% of

the tourism sector, the number of tourist arrivals for the first half of 2019 increased 1.5% yoy while the number of Chinese tourists which contribute about 29% of total tourist arrivals still exhibited

sectors, consumption and investment continued to recover, though not yet at broad-based level. Domestic consumption recovered in the durable goods section especially in the vehicles and service sector from