Thai exports in 2024 are likely to rebound to growth of 3.6% from a projected decline of 2% this year, according to the latest forecast by the University of the Thai Chamber of Commerce (UTCC).
UTCC president Thanavath Phonvichai attributed the forecast to easing inflation and lower interest rates among various countries, which should increase demand for goods.
Thai government agencies also plan to enact policies next year to increase exports to various markets, such as leveraging soft power to add value to shipments, addressing border trade barriers, and making greater use of free trade agreements, he said.
“Thai exports are recovering in the fourth quarter of this year, showing gradual and consistent growth. The…
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