Predicted growth for 2021 exports

Predicted growth for 2021 exports

Rebound from 7% contraction this year

The Commerce Ministry forecasts Thailand’s exports recovering to growth of 4% next year after a contraction of up to 7% this year.

Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said next year’s growth would be driven largely by food, products related to working from home, home appliances, healthcare, the recovering global economy and the availability of the Covid-19 vaccine.

“Despite a second wave of infections reported by many trading partners, their lockdown measures are not as tight as during the first wave of the outbreak to curb the impact on overall economies,” said Ms Pimchanok. “A successful vaccine would build up confidence in the world’s economic prospects from the…