debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The
measurements, global lockdown, and international travel restrictions that led to the collapse of tourist arrival numbers. Plus, Thai export and import slumped on the weak demand which dampened domestic economic
markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors, which in turn dampened domestic spending sentiment. The situation adversely affected the government’s
to the lowest level since August 2017, due to global equity markets continued declining, led by China as ongoing concerns over global trade frictions dampened sentiment. While unwinding position of
postponement, given the US’s benign inflation, dampened market expectations of a third US rate increase this year. Third, the 7 Thai inflation rate averaged as low as 0.6 percent during the first nine months of