Exim Bank downgrades export outlook

Exim Bank downgrades export outlook

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.

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