Exim Bank downgrades export outlook
published : 22 Jul 2020 at 11:32
Exports are expected to fall by 8-10% this year as the coronavirus pandemic hits global demand, the Export-Import Bank of Thailand said on Wednesday.
The drop was downgraded from an estimated decline of 5% to 8% projected in April, a bank official told a briefing.
In January-May, exports, a key driver of Thai growth, contracted 3.7% from a year earlier.