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Tuesday, May 7, 2024

Bangkok Post – BoT warns of long-term downturn

Competitiveness faces obstacles

Gantry cranes move a shipping container at Bangkok Port. The central bank says structural impediments limit the export and manufacturing sectors. (Photo: Bloomberg)

The Thai export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50% over the past 20 years, according to the Bank of Thailand.

Long-standing structural impediments in the export and manufacturing sectors are having a more discernible impact on the Thai economy, said the central bank.

Among the products that dented…

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