a continuing decline of 4.7%. For the second half of 2019, the Thai economy is projected to remain subdued stemming from 4 risk factors 1) the continuing trade tensions between the US and trading
to remain subdue stemming from 1) the continuing trade tensions between the US and trading partners, particularly China which may impose risks to exports growth and 2) the continuing high level of
remain subdue stemming from 1) the continuing trade tensions between the US and trading partners, particularly China which may impose risks to exports growth and 2) the continuing high level of household
Environment 2Q24 global economy continued to face challenges from prolonged monetary policy tightening amid geopolitical tensions. In Thailand, positive economic sentiment was driven by ongoing improvement in
economic slowdown in key trading partners, the tensions on trade protectionism policies. Tourism sector slowed down mainly from the decreased in Chinese and European tourist figures. However, the number of
contribution in 2019. With 90 manufacturing sites across 30 countries, and more than 90% in domestic sales, IVL is strongly suited for today’s macro environment to benefit from the trade tensions, supported by
global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous
backdrop of protracted trade tensions and increased risk that no common trade deal would be reached by the US and China. Furthermore, concerns over an impending recession were elevated, as evidenced by a