Containers are sorted at the Klong Toey Port in Bangkok. The JSCCIB’s best-case scenario forecasts zero export growth this year. Varuth Hirunyatheb
The 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession.
The committee’s best-case scenario is zero export growth this year.
Earlier this year, the group predicted Thailand’s export growth to tally 1-2% in 2023, but with the high rate of inflation, concerns over higher crude oil prices and the ongoing Russia-Ukraine war, it is unlikely the economies of Thailand’s trading…
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