Thursday, October 31, 2019
Bank of Thailand (BOT) revealed the situations of Thai economy and finance in September 2019: namely sustained economic slowdown. That was mainly caused by continuous export drop triggered by economic slowdown of trading partners. Industrial production and private investment indexes shrank; the growth of private consumption indexes were almost the same with those of the previous month; as investment expenditures grew, government expenditures rallied; tourism industry witnessed sustained growth amid the increase of Chinese and Indian tourists.
In terms of economic stability, the overall inflation rate dropped together with the decline of energy and core inflation rate; excluding seasonal factors, the unemployment rate has remained stable compared with the previous month, but the number of employed people showed sign of decline; current account balance dropped together with shrinking trade surplus, and deficits appeared in capital and financial accounts.
Source: InfoQuest, by Thaba /Rachada, translated by Xinhua Silk Road
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