ongoing international political tensions and financial market fluctuations stemming from major shifts in monetary policies, Thailand's economy has demonstrated resilience and improvement. This includes
geopolitical tensions, including instability in the Middle East. Additionally, rising electric vehicle (EV) sales in Thailand, largely imported as complete built units (CBUs) from China, have reduced the demand
expected due to declining global trade volumes and the slower economic growth of major trading partners, which were affected by trade tensions between the US and China. Export growth has been negatively
economic slowdown in key trading partners, the tensions on trade protectionism policies. Tourism sector slowed down mainly from the decreased in Chinese and European tourist figures. However, the number of
contraction of the Thai economy. The economic growth inclined to be slower than forecasted which was mainly due to the trade tensions and the weakening of economy worldwide. Particularly, the export sector has
uncertainties around global trade and supply chains between major economies such as the US and China, the UK and EU, as well as geopolitical tensions in the Middle East. Nevertheless, Thailand continued to
overall 2019 growth at 2.4% the lowest in five years. Exports were hit by trade tensions and the appreciation of the Thai baht had a detrimental effect, which fed through to the domestic economy. The
esthetics. 2. Overview of operating results in the Quarter 1’2019. From 2018 to the first quarter of 2019, the global economy still has risk factors from international political and economic tensions
closely with our customers to demonstrate the added value.” 2. Outlook A more challenging external environment, owing to continued trade tensions, impacted negatively on the economy in the second quarter