. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in
gradual increment of rig counts being used in the US; leading to concerns that supply reduction measures that producers have elected to follow, will not be able to curb market excess supply. On the other
possibility of an extension of the oil production reduction policy that originally was due to end in March 2018, along with the supply concerns that arose with Kurdistan’s referendum to separate from Iraq which
external factors were mainly from lower than expected domestic economic growth, consumer’s cautiousness on sugar consumption as well as concerns over the global economic situation impacted by trade war
confidence coupled with the already high household debt level. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak
. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak. Private investment continued to contract in all investment
pressure during the low season and flood impact, temporarily boosting purchasing power and alleviating some local concerns. The mobile industry maintained positive sentiment despite the low season, along
the protracted US-China trade negotiations and concerns over Brexit risks. For the final quarter of this year, a brighter outlook seems to be in store for the Thai economy, thanks to the government’s
, namely the Eurozone, Japan and Britain, may see an economic slowdown due in part to their political instability. Moreover, global trade tension would further intensify, which may dampen investors
growth, the inconclusive trade war between the US and China, and concerns on foreign investment as the general election held in March 2019 has yet to reach an outcome. Having considered the above-mentioned