Political SituationSince political

Political Situation
Since political situation descend under control by military one of the main contracts was that it would restore the country's economy, but support for the government has taken a blow in the face of weakening economic forecasts. Most notably, the economy grew a mere 0.7% in 2014.
What is more, ADB has recently lowered predictions for Thailand’s growth from 3.6% to 3.2%, contracted for product exports and continued to deterioration in the consumer confidence decreased. To make matters worse, the Bank also cut projections for inflation from 2% to a deflationary rate of -0.4% at the same time, Thailand is facing the worst drought in over a decade, and the Finance Minister Sommai Phasee says the drought could cut GDP by 0.5%. In an attempt to spur spending, the government has decided to freeze VAT at currently levels of 7% until September 30, 2016.
Indeed, one of the few pieces of good news is the return of tourism, which counts for estimate 10% of the Thai economy. While tourism slumped between 2013 and 2014 as a result of the political crisis, The numbers are rising and the Tourism board even predicts a record number of tourists for 2015.