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Hotel stocks took the hardest hit from the virus outbreak, which can be seen from the 1Q20 earnings of MINT, ERW and CENTEL, even though there were 7 million arrivals in 1Q. The situation will get worse in the 2Q when there is no arrival at all.
The bank also warned that risks are skewed “firmly to the downside, citing reignited trade tensions between the U.S. and China, financial turbulence in emerging markets and sharper-than-expected weakness in advanced nations, particularly Europe.
While a lot of countries are slowly easing their lockdown measures, over 7 million people have been infected by this deadly disease, which already killed 402,000 people, shifting its hotspot from China to Europe, American and then Latin America.
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มหาวิทยาลัยราชธานี วิทยาเขตอุดรธานี Ratchathani University Udonthani campus |
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