from 3.3 percent in 2016 on the back of rising exports and a robust tourism sector, consistent with a stronger recovery in global demand. Headline inflation rose to 0.7 percent, following higher energy

problems caused by the Covid-19 outbreak. Hence, there could be a delay in planned infrastructure investment this year. Headline inflation in the first quarter of 2020 was 0.42 percent, down from 0.74

revise Thailand's Energy plan particularly the Power Development Plan (PDP) of 2018 - 2037 (first revision) which is expected to be revised in Q4/2020. Another headline of Q2/2020 was the new Energy

, delay in the implementation of 2020 Budget Act and drought. Moreover, domestic spending remains limited amid weakening purchasing power and hefty household debt. Regarding inflation in 2020, headline

, headline inflation for 2018 is expected to average 1.1 percent, slightly higher than the 0.7 percent in 2017, as a result of soaring energy prices at home in line with higher oil prices in the global market

closely watch economic issues such as Thai Baht volatility and the Executive Decree on Management of 3.6 3.2 3.0 3.3 3.7 0.3 0.3 0.7 1.3 0.1 -1.5 0.0 1.5 3.0 4.5 Q2 Q3 Q4 Q1 Q2 GDP Headline Inflation Ye ar

The opinions of the Independent Financial Advisor on the connected transaction (For the purpose of translation only) 0 The opinions of the Independent Financial Advisor on the connected transaction by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has been prepared solely for the convenience of foreign shareholders of Thai Wacoal Public Company Limited...

Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 4.7 3.2 3.7 3.2* 1.3 1.5 0.8 0.7 0 1 2 3 4 5 2Q 3Q 4Q 1Q GDP Headline Inflation 2018 2018 2018 2019 2 pressure from the ongoing decline in net

: Office of the National Economic and Social Development Council and Ministry of Commerce Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 3.2 3.6 2.8 2.3 1.5 0.8 0.7 1.1 0 1 2 3 4 3Q 4Q 1Q 2Q GDP Headline

experience occasional periods of volatility. Regarding inflation and the policy rate in 2019, headline inflation is expected to average 0.8 percent, lower than the 1.1 percent of 2018, as a result of easing