2014 export growth forecast 3.8% | Bangkok Post: business

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2014 export growth forecast of 3.8%

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Exports could grow by 3.88% in 2014 on the back of global economic recovery, if domestic and global conditions allow it, Ath Pisalvanich, director of the International Trade Studies Centre at the University of the Thai Chamber of Commerce (UTCC), said on Tuesday. 

He projected exports would contract at a range of 1.5% to 1.9% in the first quarter of the year, with a value of US$55.88-57.82 billion, on the back of a partial  recovery of the global economy and the weakening baht, which was likely to reach 35 baht to the US dollar.

This would be a contraction for four straight quarters since the second quarter of 2013, he said.

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