Positive prospects are forecasted for Thai exports next year, with an anticipated growth rate of 3.6%. This rebound follows a projected 2% drop this year, according to a recent report by the University of the Thai Chamber of Commerce (UTCC).
UTCC’s president, Thanavath Phonvichai, attributes this optimistic projection to several factors including lower interest rates and easing inflation globally, which are expected to increase the demand for goods. Furthermore, the Thai government is planning to enact a series of policies aimed at boosting exports.
Thanavath revealed these include exploiting soft power to add value to consignments, addressing border trade impediments, and maximising the benefits of free trade agreements.
“Thai exports are recovering in the fourth quarter of this year, showing gradual and consistent growth. The recovery is expected to…
