Thai Economy in the Third Quarter of 2018 Overall, the global economy exhibited ongoing growth. However, signs emerged that many countries, particularly emerging economies, which had been under pressure
when compared to Q2/2019, due to pressure from Dubai crude oil demand that increased during summer in the Middle East, combined with the deficit of Heavy crude oil supplies from Iran and Venezuela which
worldwide is expected to show improvement, which is likely to coincide with gradually rising inflationary pressure. Inflation is set to edge up amid soaring oil prices in the global market where this year’s
year- end 2020 or Q1/2021 and there could be a downward pressure to the selling price, the profits could be enhanced, and eventually, the turnaround time could be shortened. 4.2 COVID-19 Impact For the
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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
recovery coupled with high oil prices since early this year may put more pressure on inflation. Against this backdrop, central banks worldwide are highly likely to adopt a more tightening stance, especially
turn affect demand for loans – especially business loans – which would likely put pressure on asset quality. Moreover, commercial banks may focus on customer base expansion and income earned from