Outlook for Thai exports growth revised downwards

The private sector does not expect Thai exports to expand this year in view of the uncertain global economic conditions affected by geopolitical tensions, which are impacting all sectors including finance, production, exports, raw materials, and energy.

This situation may lead to a delay in purchase orders from trading partners, especially in the European Union market as well as no increase in new export orders. Stringent monetary policies, such as interest rates, are affecting both businesses and consumers, urging caution in spending.

Additionally, volatile weather conditions may impact agricultural produce, resulting in insufficient production for exports. Changes in trade policies of key trading partners, particularly China’s self-reliance policy, also pose risks to export growth this year The Federation of Thai Industries (FTI) president Kriengkrai Thiennukul reports that the…