UTCC unit forecasts 2% export growth despite China
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Export value is forecast to grow by 2 per cent this year to US$218.34 billion (Bt7.935 trillion), the first expansion in four years, according to the University of the Thai Chamber of Commerce’s Centre for International Trade Studies. But exports to China
The centre foresees exports in the worst case growing by only 0.1 per cent to $214.27 billion, and in the best case by 4.1 per cent to $222.83 billion. That compares with an estimated 5.9-per-cent contraction last year.
“Thai exports this year will expand slightly on the recovery of the global economy. However, the sluggishness of China will still be a major negative factor, since about 11 per cent of Thai exports have relied on the China market, while China has also had an indirect influence on export to many markets, mainly in Asean,” Aat Pisanwanich, director of the centre, said Tuesday.
