Thai shippers raise export growth forecast to 5 pct
Thailand's exports are expected to grow 5 per cent this year, better than the 2.53.5 per cent projected earlier, a group of shipping firms projected, but added that a strong baht was a threat. Exports between January and June rose 7.8 per cent from a year earlier. Shipments will be driven by stronger global demand, particularly for electronics, as trade partners' economies are recovering. The commerce ministry and the central bank forecast exports worth about two-thirds of the Thai economy to rise 5 per cent this year. Last year, exports rose 0.5 per cent, the first annual rise in four years. But a rally in the baht will have a big impact on export orders, particularly on those with domestic content.