Export outlook decays further | Bangkok Post: business

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Export outlook decays further

Shippers slash view to 1.6% growth at best

  • Published: | Viewed: 1,712 | Comments: 0
  • Newspaper section: Business
  • Writer: Pathom Sangwongwanich & Phusadee Arunmas
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Although the Commerce Ministry has maintained its export growth forecast at 3.5% for the full year, the central bank expects the figure to come in below 3%, and shippers are even more pessimistic. 

The Thai National Shippers' Council (TNSC) yesterday cut its forecast for Thailand's exports to a range of 1% to 1.6% from an earlier 3%.

The shippers cited pressure from volatile economic conditions, the baht's appreciation and a sluggish manufacturing sector.

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