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BharatTextile.com » Import/Export News » THAILAND: Export forecast amended owing to strong baht

THAILAND: Export forecast amended owing to strong baht

Thailand has reworked its forecast for export growth in 2007, due to an expected slowdown in global demand and the strong baht, which has made Thai products less competitive overseas.

BANGKOK: Thailand has reworked its forecast for export growth in 2007, due to an expected slowdown in global demand and the strong baht, which has made Thai products less competitive overseas. Exports which account for 60 percent of the Thai economy are likely to rise by 12.5 percent this year which was expected to be 25 percent at the start of the year, the finance ministry said. “We expect overseas demand to weaken slightly in the rest of 2007”, Pannee Sathavarodom,...

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