wide range of economic activities, weakening purchasing powers, lowering household income, increasing number of laid off labors, high debt burden, and lowest consumers’ confidence in more than 21 years

merchandise exports contracted in response to the weakening global economy and sustained Baht appreciation. In addition, the contraction in merchandise exports has affected private consumption and investment

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that

several other central banks in Asia gradually adopted a more accommodative stance in response to the weakening global economy amid looming risks. The US central bank cut its policy rate to 2.00-2.25 percent

, private consumption, private investment and public spending were all on the wane. Moreover, exports were still in contraction, beset by the weakening economies of Thailand’s trade partners and tumbling

accommodative stance relatively intact in light of easing inflationary pressures amid weakening oil prices in the global market. In Thailand, economic growth for 2019 is expected to decelerate to a range of 3.5