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Tuesday, May 14, 2024

Export forecast cut amid global woes

Gantry cranes are pictured amid containers stacked up at Bangkok Port. Thai exports dropped for a 10th consecutive month in July. Bloomberg

The Thai National Shippers’ Council (TNSC) has downgraded its export forecast for this year to a contraction of 1% from its previous forecast, which ranged from a contraction of 0.5% to a 1% increase, citing weak global demand.

TNSC chairman Chaichan Chareonsuk said on Tuesday Thailand’s exports will definitely fall into negative…

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