TMB Bank : Management Discussion and Analysis Quarter 1 and 3-month period ending 31 Mar 2021 (Unreviewed)
Executive summary: Economic review & outlook Thai economy in 1Q21: Regarding the recurrent wave of COVID-19 infection in December 2020, the growth of economic activities decelerated from the expected pace of continuous rebound even with much less strict outbreak controlling measures compared to the enforced nationwide lockdown in the first outbreak last year. Private consumption accordingly contracted from the drags of weak employment situation, uncertain personal incomes and declining consumer confidence. Despite these fragile conditions, there were still supports from govern...