, private consumption and tourism. Both private and public investments remain largely at stable levels whilst consumer spending is constrained due to high household debt levels, decline in agricultural
to decline low single digit YoY vs GDP forecast of -7% to -8% with the focus on being competitive to gain fair market share in mobile business Home broadband on contrary has been the beneficiary of
of as actions and services provided by financial planners. This is a concept Bennyhoff and Kinniry (2011) called “Advisor’s alpha” and Scott (2012) calls “household alpha.” However, Bennyhoff and
depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy
projected to continue to improve, certain areas that still could limit the growth 1) Farm-related household income could slowdown from the decline in agricultural products prices particularly for rubber and
namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s
level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy, lower than expected growth in
, 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