trading partners. Tourism sector continued to expand from the increasing number of tourists in the most nationalities, especially tourists from China and ASEAN countries. Private consumption and public
, compared to the same period last year. Thailand tourism, in year 2017, improved from last year as can be seen from 8.8 percent growth of international tourist arrivals. Tourists from Asian countries had the
policies of major countries and the Baht’s ongoing appreciation. However, the Thai economy has been supported by the expansion of private consumption, due to an increase in auto sales in the first half of
other currencies in the same region, due to capital outflow from emerging countries, including Thailand, to developed nations such as United states, (Source: SCB Economic Intelligence center). In the
ASEAN countries. Regarding domestic demand, private consumption expenditure grew at a slower pace amid supports from the government’s economic stimulus measures due to the declining household income and
.) Export sector was impacted from country lock down of the partner countries due to the discontinuance of production chain 3) Government spending and investment shrinkage due to the delay of government
measurement in several countries resulting a significant decrease across economic activities which expected a deep economic deceleration throughout the year. During the last period shrinking economy impacted
second quarter of 2020. The strict lock down policy have been put in place for all countries around the world. All business sectors were impacted during this period, especially tourism sector, resulting
continued to contract due to the weak domestic and external demand affected by the COVID-19 pandemic. The government measures imposed by several countries around the world in order to contain the outbreak