manufacturing capacities of various industries. Heading into 2019, the Thai economy is expected to grow at a similarly solid pace with key supporting factors, such as continued public and private investment
economy expanded at a slower pace at 2.4% of GDP as compared to 2018 (reference: Office of the National Economic and Social Development Council). The decline is due to various factors, such as export
growth; 2.) slow pace of growth in tourism sector which supported by number of tourists from India, Japan, Hong Kong and Malaysia offset an unrecovered of Chinese tourists; and 3.) government subsidy to
from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The
, and Europe with 4.5, and 3.6 percent respectively. While ASK growth of Middle East was only 0.1 percent. A slower pace of capacity growth (ASK) compared to demand (RPK), as a result, the passenger load
outstanding, declining from the end of 2Q20. Although the COVID-19 outbreak situation for Thailand has improved, many aspects of uncertainties remain notably the pace of economic recovery, the on-going spread
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