The Commerce Ministry is keeping its export growth target of 1-2% this year despite Thai shipments falling for a seventh consecutive month in April.
Permanent commerce secretary Keerati Rushchano said on Tuesday the country’s export outlook for May is expected to remain negative because of high inventory held by trading partners, causing a delay in orders for goods.
However, he said exports are likely to improve in the second half of the year.
“The ministry believes the global economy is facing a persistent slowdown. Although inflation rates have eased, they still remain relatively high, prompting many countries to adopt stringent monetary…
