Despite a host of risk factors, including an uncertain global economy and relatively volatile energy prices, the national shipping group still hopes to stimulate export growth of 1-2% this year.
Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said yesterday there are several risk factors that could pose obstacles, particularly the international economy and the possibility of a recession and production slowdown.
In addition, global energy prices are fluctuating because of the geopolitics related to several countries, leading to increased production costs in the industrial sector, especially for electricity as well as inflation.
He said exports are still expected to gradually improve in the second quarter compared with an anticipated 8% contraction in…
