Press Release on the Economic and Monetary Conditions for August 2020

August 2020

In August 2020, the Thai economy slightly improved, held up by lighter contractions in merchandise exports value, manufacturing production and private investment indicators. In addition, public spending, excluding transfers, had greater expansion. However, private consumption indicators contracted further after positive effects of special extended holiday in the previous month terminated. Meanwhile, the tourism sector persistently experienced severe contraction due to travel restrictions on foreign tourist arrivals.

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