Thailand’s exports are likely to show a contraction of 10% in the first quarter of this year from a year earlier, bigger than a previous forecast drop of 8%, the country’s shippers’ council said on Tuesday.
The global economy was slowing and a recovery in China’s economy was not as fast as expected, Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council, told a news conference.
A relatively strong baht was a challenge for Thai exports, the group said.
However, the group said the central bank had told them it would closely monitor the baht and…
