Shippers Expect Thai Exports to Shrink 10% This Year
Thai shippers foresee a 10 percent contraction of the country’s exports this year due to the global pandemic.
Thai shippers foresee a 10 percent contraction of the country’s exports this year due to the global pandemic.
A Thai shippers’ group expects exports to fall by more than 8 percent this year as an impact of the coronavirus pandemic.
Thai shippers have revised export growth forecast down to 2.5-3 percent this year amid grim outlook.
Thai shippers urge the government to set up a panel to boost exports as the country’s exports will likely contract this year due mainly to the US-China trade row.
Thailand’s National Shippers’ Council (TNSC) keeps its projection for export growth this year at 8 percent but revises next year’s number down citing the impacts of US-China trade war