webfact Posted October 6, 2020 Share Posted October 6, 2020 Thai exports may drop 8%-10% this year - shippers FILE PHOTO: A view of the Port of Bangkok, Thailand, March 25, 2016. Picture taken March 25, 2016. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand's exports may fall by 8%-10% this year, slightly better than the 10% fall predicted earlier, due to a gradual recovery in global demand, the Thai shipping association said on Tuesday. Exports, a key driver of Thai growth, should have bottomed out, Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers' Council, told reporters. But a persistently strong baht <THB=TH> remains a concern, the group said. (Reporting by Orathai Sriring and Kitiphong Thaichareon; Editing by Ed Davies)(Reporting by Orathai Sriring and Kitiphong Thaichareon; Editing by Ed Davies) -- © Copyright Reuters 2020-10-06 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post petermik Posted October 6, 2020 Popular Post Share Posted October 6, 2020 "but a persistently strong baht remains a concern,the group said".....and so says everyone else except for the Elites here..... 6 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted October 6, 2020 Popular Post Share Posted October 6, 2020 4 minutes ago, webfact said: But a persistently strong baht <THB=TH> remains a concern, the group said. 4 minutes ago, webfact said: Thai exports may drop 8%-10% this year Is there an oxymoron in these two sentences. 6 minutes ago, webfact said: Exports, a key driver of Thai growth, should have bottomed out How can exports have bottomed out, if the Baht is flying high and hindering the movement of goods. Still a long way to go as more factories close because of a slowdown in exports and business as no one has money to purchase the goods. 4 Link to comment Share on other sites More sharing options...
Popular Post 2 is 1 Posted October 6, 2020 Popular Post Share Posted October 6, 2020 So devalue the BTH, done problem solved! Like 25% for start! All of them only cry and don't do sht! 3 Link to comment Share on other sites More sharing options...
Popular Post Grumpy John Posted October 6, 2020 Popular Post Share Posted October 6, 2020 I am waiting for the baht to be devalued.....along with every other ex-pat in the country. Sometime soon I hope.⏱️ 2 1 Link to comment Share on other sites More sharing options...
Grumpy one Posted October 6, 2020 Share Posted October 6, 2020 4 minutes ago, Grumpy John said: I am waiting for the baht to be devalued.....along with every other ex-pat in the country. Sometime soon I hope.⏱️ A soothsayer recently informed me the baht will be devalued the day pigs start flying 1 Link to comment Share on other sites More sharing options...
Mavideol Posted October 6, 2020 Share Posted October 6, 2020 26 minutes ago, webfact said: Thai exports may drop 8%-10% this year - shippers dreamers that's what they are.... official numbers indicate otherwise https://tradingeconomics.com/thailand/exports 2 Link to comment Share on other sites More sharing options...
eisfeld Posted October 6, 2020 Share Posted October 6, 2020 6 minutes ago, Mavideol said: dreamers that's what they are.... official numbers indicate otherwise https://tradingeconomics.com/thailand/exports Hm doesn't that page seem to pretty much say the same thing? Link to comment Share on other sites More sharing options...
Mavideol Posted October 6, 2020 Share Posted October 6, 2020 6 minutes ago, eisfeld said: Hm doesn't that page seem to pretty much say the same thing? last 3-4 months Calendar GMT Reference Actual Previous Consensus TEForecast 2020-06-24 03:30 AM May -22.5% 2.12% -6.4% 2020-07-24 03:30 AM Jun -23.17% -22.5% -15.5% 2020-08-24 03:30 AM Jul -11.37% -23.17% -17.8% 2020-09-23 03:30 AM Aug -7.94% -11.37% -12.05% Link to comment Share on other sites More sharing options...
eisfeld Posted October 6, 2020 Share Posted October 6, 2020 8 minutes ago, Mavideol said: last 3-4 months Calendar GMT Reference Actual Previous Consensus TEForecast 2020-06-24 03:30 AM May -22.5% 2.12% -6.4% 2020-07-24 03:30 AM Jun -23.17% -22.5% -15.5% 2020-08-24 03:30 AM Jul -11.37% -23.17% -17.8% 2020-09-23 03:30 AM Aug -7.94% -11.37% -12.05% That doesn't contradict a ~8% decrease averaged over the whole year. The big drop was in April (Jan, Feb, Mar more or less normal) and now it seems to go back up. So if 4 months are really bad but the rest not so much it can still average out to less than 8%. Link to comment Share on other sites More sharing options...
Mavideol Posted October 6, 2020 Share Posted October 6, 2020 4 minutes ago, eisfeld said: That doesn't contradict a ~8% decrease averaged over the whole year. The big drop was in April (Jan, Feb, Mar more or less normal) and now it seems to go back up. So if 4 months are really bad but the rest not so much it can still average out to less than 8%. let's wait and see..... my friend has a factory producing goods mainly for exports, he's down, for the past 6 months, by more then 60% and he may close down (85 people out of work) at the end of the year if things, mainly a drop in the baht, don't improve 1 Link to comment Share on other sites More sharing options...
eisfeld Posted October 6, 2020 Share Posted October 6, 2020 3 minutes ago, Mavideol said: let's wait and see..... my friend has a factory producing goods mainly for exports, he's down, for the past 6 months, by more then 60% and he may close down (85 people out of work) at the end of the year if things, mainly a drop in the baht, don't improve What kind of factory is that? I'd guess some products are much more impacted than others. Link to comment Share on other sites More sharing options...
Mavideol Posted October 6, 2020 Share Posted October 6, 2020 Just now, eisfeld said: What kind of factory is that? I'd guess some products are much more impacted than others. kids/children goods and related accessories, his brother exports car parts as well 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted October 6, 2020 Share Posted October 6, 2020 An 8-10% drop in exports with a high-flying Baht? The Everly Brothers said it best. ”Dree...eee...eee...eee...eam, dream, dream, dream, dream” ”Only trouble is...gee whiz..i’m dreaming my life away...” 1 Link to comment Share on other sites More sharing options...
hotchilli Posted October 6, 2020 Share Posted October 6, 2020 4 hours ago, webfact said: Thai exports may drop 8%-10% this year - shippers Tourism down 90% yet the baht is flying high? 1 1 Link to comment Share on other sites More sharing options...
Mavideol Posted October 6, 2020 Share Posted October 6, 2020 6 minutes ago, hotchilli said: Tourism down 90% yet the baht is flying high? unsolved mysteries of Thai conducting business 555 1 Link to comment Share on other sites More sharing options...
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