Thai exports may decline 1.5% this year on virus impact - shippers' council

 

FILE PHOTO: People shop at a supermarket inside a department store in central Bangkok, Thailand, December 28, 2016. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's exports may contract 1.5% this year, hurt by the impact of the coronavirus outbreak on demand and supply chains, a Thai shipping association said on Tuesday.

 

Exports could drop 3.3% in the first half from a year earlier, hurt by lower shipments to China, Thailand's second-biggest export market, Ghanyapad Tantipipatpong, chairwoman of Thai National Shippers' Council, told reporters.

 

However, the group is maintaining its export target of zero to 1% growth for this year in the hope that shipments pick up in the second half if the situation returns to normal, she said.

 

Exports, a key driver of Southeast Asia's second-largest economy, fell 2.65% last year amid global trade tensions and a strong baht <THB=TH>.

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Shri Navaratnam)

 

-- © Copyright Reuters 2020-03-03

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Another conviniant excuse. Would have nothing to do with the baht, lack of trust with foreign investments, etc..., etc.........

I wholeheartedly... disagree.

 

According to my own calculations (and watchout ladies, I use a Cray 72)... Thailand's exports may contract 1.7123983 % this year.

 

This world needs desperately... precision.

 

Afterall, we are in Thailand. And some BS virus is not going to shatter our precious forecasts. 

 

And our wet dreams.

 

Crotte. Zut.

Everything I have bought that was made in Thailand fell apart in Thailand - usually within a month. People can buy Chinese rubbish cheaper than Thai rubbish

The regimes alliance with communist China—and subsequent strong baht, has brought about this collapse in exports.

Thailand must reap what they sow.