TMB Analytics foresees small export growth
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Thailand's export this year may expand by only 3.5 per cent due mainly to weaker-than-expected demand, according to TMB Analytics.
The research unit expected that exports in the remaining 7 months of the year would expand only 4.6 per cent.
The economic condition of major trade partners - mainly European Union and China - weakened in the second quarter and is unlikely to recover in the latter half.
Thailand's export value in May contracted 5.2 per cent, pressuring the five-month growth figure to only 1.56 per cent, according to Commerce Ministry's data.
