industrial countries that could affect domestic demand as well as geopolitical risks. In addition, there remained downside risks pertaining to domestic factors such as elevated household debt, impacts from

slowdown, uncertainty surrounding international trade policies and the Baht’s ongoing appreciation, will continue to pose major downside risks. Consequently, the government has rolled out various fiscal

. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in

the ongoing trade negotiations could take longer than with the Phase 1 deal. Meanwhile, the Thai economy has expanded at a slower rate due to emerging downside risks. Tourism will be quite badly

นตัวข้ึนดวย ตลาดหุนถึงจะกลับมารีบาวนไดตอเนื่อง อยางไรก็ดี เรามองวาตลาดหุนอาจมี Downside อีกในชวง 3-4 เดือนนี้ เน่ืองจากดัชนี ISM Manufacturing ยังมีแนวโนมลดลง ในขณะที่ตลาดนาจะ price-in ความ

several Asian central banks gradually signaled a more accommodative stance while also cutting their policy rates. Such moves were meant to forestall downside risks amid global economic headwinds while also

only gradually picked up. Even then, such growth remained uneven; improvement was seen only in certain businesses and in some areas. On the downside, however, trade policy uncertainty, in particular