-19 has had limited direct impact to-date on IVL’s global production footprint as only ~4% of EBITDA from China; IVL continues to monitor further downside risks globally Volumes lost in 2019 from
demand, public policies, including those aiming to boost consumption and investment in transportation infrastructure, will support domestic demand. Nevertheless, downside risks to the growth of the Thai
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have access to the internet are at a disadvantage to those that do. Access is just the first step but helping them understand how to use the tool for their development and education in a safe manner is
, though actual implementation will likely be started from 2019 onwards. Nevertheless, there remain downside risks from an inclination towards protectionism, as exemplified by the US-China situation, and
pose major downside risks for the Thai economy. However, various measures by the government and the BOT's policy rate cut are factors that would help support the country's economy. Thai Banking Industry
actual implementation of various projects will likely start from 2019 onward. Nevertheless, downside risks to exports likely stem from international trade disputes, particularly between the US and China
factors and business models. The overall economic growth in 2018 is expected to be 4.5 percent, driven by both domestic and external demand. Nevertheless, the Thai economy continues to face downside risks
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
%) on a slower-than-expected recovery of the tourism sector. For the full year 2020, the Thai economy is projected to contract significantly and face several downside risks including (1) the prolonged