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decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles

traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

among Thailand’s 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

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

trading economies, tourism sector continued to expand. As the slowdown in economic momentum, the Bank of Thailand revised down Thailand economic growth forecast for 2019 to 3.8% (as of March 2019); lower