TISCO Economic Intelligence Center expects Thai GDP to grow only 1.2% in Q4, the lowest in the year, with oil prices, weak household spending and cheap Chinese goods (many via e-commerce platforms) weighing on demand. Manufacturing grew just 0.1% in Q2 even as exports rose 20%, meaning goods made for the domestic market are being displaced. Government budget spending in Q4 and possible extra handouts of 1,000–2,000 baht per person a month could lift growth toward 2%. TISCO also warns of a possible decade-long slowdown. For a Thai SME, plan for soft domestic demand and tougher price competition from imports into the next few quarters; tourism and event-driven sales are the main bright spot this quarter.