measures. The exports sector fell sharply affected by weakening trading partner demand. These factors resulted in an increase in the unemployment rate to 2% in the second quarter of 2020 and the high level
pandemic of COVID-19, which has a severe impact on tourism, production, exports and private consumption. Private investments tend to decline in 2020, according to both domestic and international demand. For
categorized as follows: • Online sales and Head office pick up • OEM/Food Manufacturing under the Company’s trademark or per customers’ demand Dessert Café Non-Café 2 • Catering services such as parties
tends to contraction more than expected. The decreased domestic and foreign demand resulted in a strong contraction in private investment and it also still contracted in almost all components except
Head office pick up • OEM/Food Manufacturing under the Company’s trademark or per customers’ demand Dessert Café and Beverages Non-Café 2 • Catering services such as parties, wedding receptions
the following factors: 1) gradual relaxation of COVID-19 epidemic control measures and progress in vaccination 2) the impact of outstanding demand from the previous quarter and 3) government policies
the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the
quarter from the contraction of the industrial sector that reduced the production of industrial products due to higher production costs, a lower domestic demand and lower demands from trading partners in
Synchronized Growth). 1) Exports – with growth of 8.9% during the first 8 months of 2017 contributed by the continuing external demand for electronic goods and 2) Tourism - with number of foreign tourists