A slightly lower value growth rate was recorded in 2015 compared with 2014. Despite political
stability, Thai consumers remain budget-conscious and careful with their spending,
particularly low- to middle-income consumers. There is no solid policy for economic
stimulation in 2015. By contrast, the government aims to implement tax policies, such as land
and housing tax policies, as well as increase the VAT rate during the forecast period to
compensate for higher government expenditure.