The Thai National Shippers’ Council (TNSC) predicts a 1% decline in exports for the current year, down from their previous estimate of a contraction between 0.5% and a 1% increase. This revision is due to ongoing sluggish global demand.
TNSC Chairman Chaichan Chareonsuk stated that Thailand’s export sector is expected to decline by -1% or more this year due to various elusive risks and enduring global, economic challenges.
“Thailand’s export climate has been readjusted to match the global economic deceleration, encompassing China, the US, and the European Union. Despite attempts to stimulate them, Thailand’s exports this year will probably fail to meet prior anticipations.”
The Kingdom of Thailand faces several challenges in the coming months, including a global economic slowdown affecting key trading partners and reducing…
