2019. For 2020, the Thai economy is projected to continue to be in a ‘low growth, low rates’ environment. Main headwinds include: (1) the weakness in global growth particularly the Chinese economic
conditions. Nevertheless, risk factors still remain from the following 1) Continuing weakness in the private investment especially in the construction segment 2) Continued slowdown in manufacturing productions
Baht 4,520 million against Baht 8,678 million for same period last year. The Sales quantities and prices were severely impacted by continued weakness in global Steel Industry, significant increase in
forecast of 3.5 percent, due to anticipated weakness in developed economies throughout the first half of 2019. The global slowdown will not only dampen the international trade and investment atmosphere, but
which is not impacted by weakness in any one product and can deliver double-digit returns across business cycles. IVL continues to invest in the business to enhance overall production, vertical
for 2Q19 earnings was impacted by lower contributions from a high-margin EO vertical and lower margins in the EG vertical due to ongoing weakness in MEG in Asia partly cushioned by low USGC costs. The
year. In Thailand, most major economic indicators for the second quarter of 2019 were on the wane. Exports and tourism, in particular, were adversely affected by economic weakness of Thailand’s trade
recorded slower growth from the same period of last year. The weakness was mainly attributed to dwindling exports hampered by the US-China trade war, the Thai Baht’s appreciation and global economic slowdown