Economic Conditions
Press Release on Economic and Monetary Conditions
Dr.Don Nakornthab, Senior Director, Monetary Policy Group, Overall In February 2020, the Thai economy contracted from the same period last year. The COVID-19 outbreak affected economic activities more pronounced, particularly the tourism sector which highly contracted. The outbreak also had an additional impact on merchandise exports and imports as a result of China’s lockdown. Public spending continued to contract. Only private consumption continued to expand from accelerating purchases on necessary consumer goods. As a consequence of the decline in economic activities, manufacturing production and private investment contracted.
Business Outlook Report
To enhance the economic forecasting efficiency and assist the MPC in making appropriate monetary policy decisions by providing some insights and useful information which cannot be captured by the econometric model, which is inevitably subjects to the theoretical constraints and structural model of quantitative analysis.  Therefore, the Bank of Thailand has set up the Economic/Business Information Exchange Program as one channel for exchanging information and building better understanding about Thailand's economic conditions, both at macro and micro level, with private sector.
Credit Conditions Report
The Bank of Thailand conducts a quarterly credit condition survey to review opinions of senior loan officers from financial institutions, credit card and personal loan companies under supervision (Non-banks).  It helps the Bank to be more efficiently and effectively in understanding and analysing developments of credit conditions.  The Bank has been exploring how the surveys are conducted in the light of other central banks' experience.