namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s
number of Chinese tourists significantly rose by 11.0 percent in this quarter which resulted from the political tension between China and South Korea, causing the Chinese tourists to shift their 2 ASIA’S
. Given the intensified global trade tension, the October 2018 World Economic Outlook of the International Monetary Fund cut its global economic projection for 2018 and 2019 to 3.7 percent, compared to the
. 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
government’ s measure to peg retail Diesel price at THB 30 per liter, in order to alleviate tension for consumers and businesses in the transport sector during times of high fuel price; although there was a
production reduction period by 9 months to the end of December 2018. The market received pressure from the tension in the Middle East due to the conflict between Saudi Arabia and Iran over concerns of war in
decline during the aforementioned period was a result of the tension caused by the trade war between the US and China escalating in intensity – leading to decline in oil demand. Moreover, the Thai Baht has
increasing its oil production continuously. Further tension is mounted with Saudi Arabia’s efforts to increase its market share through Saudi Aramco; the Saudi Arabian government’s state enterprise, announced
weighted down from concerns over economic recession; after the US reported that the short term bond yield has exceeded the long term bond yield. However, oil price was supported by the high tension being