contraction was -3% vs Q1 2019. This will be much worse in Q2 with a double-digit contraction, and on annualized basis, the IMF forecast for Thailand is now -6.5% in FY 2020 with a bounce back expected in 2021
51.99 million or 94.31% Impact from the COVID-19 pandemic The COVID-19 pandemic has affected Thai economy an early on February 2020, which likely cause a continued changing and dispersed forecast of the
impacted by the situation. Which many departments and many research agencies have forecast that gross domestic product will shrink by more than two digits. In additional it will affect the operating results
keeping the income not less than 10 percent of the model forecast, reducing or postponing unnecessary spending and slowing down the investment by focusing on the return of investment and low investment
pandemic has affected Thai economy an early on February 2020, which likely cause a continued changing and dispersed forecast of the GDP growth in the year of 2020 as well as how and when the economic
881 Website: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2022 4 In 2022, the Federation of Thai Industries (FTI) forecast the car production to be at 1.8 million units
: www.aapico.com Management Discussion and Analysis for the 1st quarter of year 2023 4 In 2023, the Federation of Thai Industries (FTI) forecast the car production to be at 1,950,000 units or increased by 3.7% from
driven by improving domestic economic conditions, bouyant exports and the tourism sector. The market expects private consumption to have expanded, with higher spending on durable goods – particularly
environment The Thai economy for the year 2019 exhibited a decelerating trend. Private consumption slowed down in almost all categories especially in durable goods from the contractions in vehicle sales partly
measures implemented to curb the outbreak. Durable goods segment also declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer