relevant to their economic slowdown, despite the acceleration in agricultural production and service and tourism industries, resulting in GDP in 2022 being 2.6%, lower than expectation. However, the economic
tourism. We believe that AH will benefit from the turnaround of the automotive industry and that a turnaround will be likely from deferred demand dictated by overall economic situation and limited
first quarter of 2018 continued to expand from the external sectors namely exports and tourism in line with the expansion of the global economy. Public spending also increased, recovering from a decline
2018 continued to expand from the external sectors namely exports and tourism in line with the expansion of the global economy. Public spending also increased, recovering from a decline during the end of
than exports value, with value of imports contracted by 4.7% yoy consistent with the subdued domestic economic conditions. In the tourism sector, the number of tourist arrivals for 2019 continued to
Synchronized Growth). 1) Exports – with growth of 8.9% during the first 8 months of 2017 contributed by the continuing external demand for electronic goods and 2) Tourism - with number of foreign tourists
in tourism and export. The partial lockdown mandated in the last week of March resulted in a more pronounced slowdown in economic and business activities. Telecommunication sector was affected from
expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism
. Overall market environment Growth continued for the Thai economy during the second quarter of 2018 with further expansion in the external sectors namely exports and tourism in line with the expansion of the