with continued growth in card spending. However, although the overall economic growth rate of the country has a better outlook, it is lower than the situation prior to the Covid-19 pandemic, especially
rate of the country has a better outlook, it is lower than the situation prior to the Covid-19 pandemic, especially the government investment and consumption, although it has a better outlook since the
developments warranted a close watch, particularly in US politics, which were a drag on the implementation of economic stimulus measures and tax reform. In addition, Britain’s economic outlook was obscured by
-China trade negotiations and Brexit risks. The World Economic Outlook of the International Monetary Fund revised downward its global economic growth projection for 2019, to 3.3 percent from the previous
. Given the intensified global trade tension, the October 2018 World Economic Outlook of the International Monetary Fund cut its global economic projection for 2018 and 2019 to 3.7 percent, compared to the
%. Moreover, the growth outlook still challenge with uncertainties especially from trade protectionist measures between US and China, global economy and trading partner economies would expand at a slower pace
the new businesses to alleviate this impact. These new businesses will gradually generate more profits in the subsequent quarters. For 2H19, the Company remains fairly positive in its outlook for the
investment picked up in line with the improved economic outlook, and with additional support from the government investment project even in this quarter its growth was lower than the assessment as the delayed