Ailing world economy aggravates June export slump despite weaker baht
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First-half exports, especially from the agricultural sector and industry, slid by 4.8 per cent to US$106.85 billion (Bt3.72 trillion) because of weak overall global trade, despite the depreciating baht, according to the Commerce Ministry.
“Because of the large decline in Thai exports in June and the gloomy global economic recovery, the ministry will need to revise down the 1.2-per-cent export-growth target soon.
“The unclear global economic recovery and declining oil and gold prices will spoil Thai exports in the following months,” Somkiat Triratpan, director of the ministry’s Policies and Trade Strategies Bureau, said Monday.
