Thai Commerce Ministry confident exports will grow 4 per cent in 2015

[webfact]

Commerce Ministry confident exports will grow 4 per cent in 2015
By Digital Content



BANGKOK, Oct 24 -- With optimism that the economies of Japan, the United States and the European Union have recovered, Duangkamol Jiambutr, deputy director-general of the International Trade Promotion Department, said Thailand’s exports would grow 4 per cent in 2015.

Mrs. Duangkamol said the recovery of the three major economies would help push Thailand’s exports to sustain growth not less than 4 per cent next year.

It is forecast that the kingdom’s export value this year would exceed US$200 billion.

Garment exports in 2015 are projected to sustain growth from this year’s 3 per cent projection with price competition becomes fiercer.

Manufacturers will need to concentrate on building their own brands to cater to the high competition as Thailand’s economy has not yet recovered, as consumers are likely to consider on both quality and the price before buying.

Exports of Thai textiles during the first eight months this year are valued about US$7.5 billion, up 3.61 per cent from the corresponding period last year, despite several problems including the increase of daily minimum wage to Bt300 in Thailand plus higher competition from major exporting countries. (MCOT online news)


-- TNA 2014-10-24

[rickirs]

How about a roadmap to Thai economics?

Duangkamol Jiambutr, deputy director-general of the International Trade Promotion Department says Thailand’s exports would grow 4 per cent in 2015. Garment exports in 2015 are projected to sustain growth from this year’s 3 per cent projection

And also just previously:

- Thai National Shippers Council has projected export growth of 5 per cent in 2015.

- tourism industry have fallen by 19 percent this year.

- local sales of automobiles declined 37 per cent and that of motorcycles by 16.69 per cent.

- volume of exported automobiles dropped 17 per cent and the value decreased 16 per cent.

- economy has been highly dependent on indebtedness in the past two years

- Commerce Minister General Chatchai Sarikulya says this year exports are expected to grow by only about 1 per cent.

How does all this fit together to reflect a consistent and workable economic plan?

[KevinB]

European Union Economy has recovered!!!!! DREAM ON

[Cake Monster]

European economies recovered ?

Maybe in a decade or so they might.

[marcusd]

PROPAGANDA. Simple.