Finance slashes export growth figures | Bangkok Post: breakingnews

Finance slashes export growth figures

Published: 30 Aug 2012 at 15.11
Online news:

Exports growth in 2012 is now expected at only 5-6 per cent due to the impact of the global economic recession and the eurozone debt crisis, Boonchai Charassaengsomboon, director of the Macro Economic Bureau at Finance Ministry, said on Thursday.

The ministry had previously set the export expansion target for this year at 12.8 per cent.

It was clear that the Thai export sector has been negatively affected by the financial crisis in Europe and the global economic slowdown, he said.

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banmebkk
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Discussion 3 : 30 Aug 2012 at 19.003
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5.7% sounds about right if you compare it with data from Credit Suisse.
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bluebottle
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Discussion 2 : 30 Aug 2012 at 17.232
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Is this by way of an apology, why on earth would they keep a close look on the Euro zone when they predicted it would have little effect on Thailand's exports!!!!!
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wyle
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Discussion 1 : 30 Aug 2012 at 17.131
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Is this the truth or are they just tying to make people feel good?
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