Investor Presentaiton

Outlook for GDP growth in 2020 is clouded by the virus outbreak, even as mild global economic recovery is anticipated GDP growth YoY (%) Large scale fiscal stimulus 5.0% 5.4% 4.2% Global economic recovery Global financial crisis 7.5% 7.2% Strong Baht appreciation up to taper tantrum Brexit US election Collapse in Great floods commodity price 4.0% 4.1% 2.7% ↓ 3.1% 3.4% 2.4% 2.3% 1.7% 0.8% 1.0% -0.7% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019E 2020F Global Purchasing Managers' Index (PMI) 55 54 53 52 51 50 49 49 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18 Apr-19 Aug-19 Dec-19 Manufacturing Composite Service Current Account USD billion 50 40 27.8 30 52.1 51.7 20 50.1 10 5 Source: Bloomberg, Office of the National Economic and Social Development Council, CEIC 43.4 43.9 33.1 28.5 0 2015 2016 2017 2018 2019 Bangkok Bank

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