Thai ship­pers raise ex­port growth fore­cast to 5 pct

Maritime Gateway - - South Asia News -

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.

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