No growth would be ‘best-case scenario’
The 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession.
The committee’s best-case scenario is zero export growth this year.
Earlier this year, the group predicted Thailand’s export growth to tally 1-2% in 2023, but with the high rate of inflation, concerns over higher crude oil prices and the ongoing Russia-Ukraine war, it is unlikely the economies of Thailand’s trading…