Thailand Exports In Record Slump

[Marksamui]

From the BBC:

http://news.bbc.co.uk/2/hi/business/8108859.stm

Thailand's exports slumped by more than a quarter in May - a record fall - as demand for Thai goods overseas continued to drop during the downturn.

Exports fell by 26.6% compared with a year earlier, to $11.7bn (£7.1bn). Imports dropped by 34.7% to $9.3bn.

"Exports to key markets were all lower due to weak demand and intensifying competition," the government said.

The Thai economy, which is suffering from its worst recession in decades, is heavily dependent on exports.

And analysts believe the country's exporters, which account for more than 60% of Thailand's entire economic activity, will continue to suffer.

"It is less likely there will be a strong rebound in Thai exports in the near future as demand for imports of raw materials has not picked up yet," said Suara Wilaipich at Standard Chartered Bank.

The Asian economy has been hit hard by the global economic downturn but also by political unrest at the end of 2008.

[MJP]

From the BBC:

http://news.bbc.co.uk/2/hi/business/8108859.stm

Thailand's exports slumped by more than a quarter in May - a record fall - as demand for Thai goods overseas continued to drop during the downturn.

Exports fell by 26.6% compared with a year earlier, to $11.7bn (£7.1bn). Imports dropped by 34.7% to $9.3bn.

"Exports to key markets were all lower due to weak demand and intensifying competition," the government said.

The Thai economy, which is suffering from its worst recession in decades, is heavily dependent on exports.

And analysts believe the country's exporters, which account for more than 60% of Thailand's entire economic activity, will continue to suffer.

"It is less likely there will be a strong rebound in Thai exports in the near future as demand for imports of raw materials has not picked up yet," said Suara Wilaipich at Standard Chartered Bank.

The Asian economy has been hit hard by the global economic downturn but also by political unrest at the end of 2008.

Still running a trade surplus.

UK's is £8Bn a month in the red! With the same population. Hasn't had one month in the black since 1997!

Currencies will come down to who's printing (quantitative easing) and who's in the most debt.

[alant]

i think it means nothing for the thai baht, i listened to the rather weak interview of the thai pm on the bbc asia business report yestersay (weak because the interviewer did not probe) and the plan seems to be to borrow money and it would be nice to build roads , railways and irrigation systems but there was no plan, no depth and no strategic view indicated, no plan =no change.

[MJP]

i think it means nothing for the thai baht, i listened to the rather weak interview of the thai pm on the bbc asia business report yestersay (weak because the interviewer did not probe) and the plan seems to be to borrow money and it would be nice to build roads , railways and irrigation systems but there was no plan, no depth and no strategic view indicated, no plan =no change.

Thank you for that. I tried downloading that interview but 2G buffalo powered connection propped up by rotting bamboo wouldn't have it.

Current Thai PM is sounding awfully like Bliar did.

[Losangels]

Current Thai PM is sounding awfully like Bliar did.

Maybe they took lessons from the same professor in college

[MJP]

Current Thai PM is sounding awfully like Bliar did.

Maybe they took lessons from the same professor in college

Always try and avoid conspiracy theories . . . but Oxford University does seem to grow 'em.

My Uncle went there, as did my Aunt. They're both bonkers.

[chiang mai]

From the BBC:

http://news.bbc.co.uk/2/hi/business/8108859.stm

Thailand's exports slumped by more than a quarter in May - a record fall - as demand for Thai goods overseas continued to drop during the downturn.

Exports fell by 26.6% compared with a year earlier, to $11.7bn (£7.1bn). Imports dropped by 34.7% to $9.3bn.

"Exports to key markets were all lower due to weak demand and intensifying competition," the government said.

The Thai economy, which is suffering from its worst recession in decades, is heavily dependent on exports.

And analysts believe the country's exporters, which account for more than 60% of Thailand's entire economic activity, will continue to suffer.

"It is less likely there will be a strong rebound in Thai exports in the near future as demand for imports of raw materials has not picked up yet," said Suara Wilaipich at Standard Chartered Bank.

The Asian economy has been hit hard by the global economic downturn but also by political unrest at the end of 2008.

Still running a trade surplus.

UK's is £8Bn a month in the red! With the same population. Hasn't had one month in the black since 1997!

Currencies will come down to who's printing (quantitative easing) and who's in the most debt.

Agreed. And the news out of the UK doesn't get any better but it does seem of late to be getting slightly worse - the OECD report today suggests that the UK is in the worst state of any country. So yes, it's all relative but I'm still quietly confident, actually I'm becoming quite bullish, on the idea of GBP/THB in a range of high 30's to mid 50's for the next decade.

[LaoPo]

From the BBC:

http://news.bbc.co.uk/2/hi/business/8108859.stm

Sorry, but your topic/article by BBC is 5 days old and was already covered in the NEWS section, here:

http://www.thaivisa.com/forum/Thailand-Exp...mp-t274372.html

LaoPo

[ubonjoe]

Go to this topic: http://www.thaivisa.com/forum/Thailand-Exp...mp-t274372.html