. Although the economy performed well in a big picture, the economy at grassroots level has yet to sufficiently expand. This was seen in growth of private consumption, growth of durable goods consumption
expand largely from domestic demands contributed both from private consumption and private investment. Private consumption grew notably in durable goods segment (especially in vehicles) while growth in non
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
sectors, consumption and investment continued to recover, though not yet at broad-based level. Domestic consumption recovered in the durable goods section especially in the vehicles and service sector from
, consumption and investment continued to recover, though not yet at broad-based level. Domestic consumption recovered in the durable goods section especially in the vehicles and service sector from tourism
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
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact
expansion for the year 2018 to be 4.5% from earlier projection of 4.2%. Despite the improving economy, there are challenges ahead namely 1) Structural changes in Thai economy, particularly high level of
million, an increase of 7.8%. For domestic sectors, consumption and investment started to recover, though not yet at broad-based level. This was reflected from durable goods consumption that showed sign of