Thai exports slow down in June

Thai exports slow down in June

The Thai economy faced a slowdown in June on the back of the eurozone debt crisis which continues to pressure the export sector, Kulaya Tantitemit, the Fiscal Policy Office's senior expert on macroeconomic policy, said on Tuesday.

Ms Kulaya said the value of exports in the first half of this year declined by 2.0 per cent.

She said the Finance Ministry will adjust the export target in September to take into account last month's lower-than-expected export growth. The current target is at 12.8 per cent.

"The ministry is keeping the gross domestic growth projection for 2012 at 5.7 per cent but the economy must grow at least 10 per cent in the second half of the year," the economist said.

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