between the U.S. and China caused lower global trade volume. The tourism sector also expanded at a slower rate mainly from Chinese tourists. The domestic demand grew at a slower rate resulted from private
been affected in accordance with the economies of major trading partners and the declining global trade volumes. This has begun to have further effects across all sectors, especially to domestic demand
maintenance and higher fuel costs. We are confident that the operational improvements made will allow us to grow sustainably in the final quarter of 2017 and into 2018.” 2. Outlook With a pickup in global trade
driven by global trade recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals especially
2018 primarily due to the US-China trade war and global uncertainty contributed negative impact on export growth. The growth of credit card business in Thailand continue expansion due to overall economic
impressive 4.8% growth. Central bank forecasts for the full year are around 4.5% and with inflation only just breaking into the 1-4% target band (1.2% in Q2) coupled with uncertainty around global trade the
private consumption and total investment were constantly expanding. However, Thai economy still faces external risk such as U.S. monetary and trade policy and global economic uncertainty. As of August 31
units in 2018. Export volume dropped by 7.59% to 1,054,103 units, compared to 1,140,640 units in 2018 due to the trade war between China and USA that put pressure on the overall global economy and trade
4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018
retaliatory measures of US trading partners which could negatively affect global trade, trading partners’ growth, and Thai exports. LH Financial Group Public Company Limited Management Discussion and Analysis