UTCC says Thai exports could grow by 3.1% this year

[webfact]

UTCC says Thai exports could grow by 3.1% this year

BANGKOK, 14 January 2015 (NNT) - The Center for International Trade Studies of the University of the Thai Chamber of Commerce said the Thai export sector could grow 3.1% this year.

The center said the projection was based on the improving global economy, which would allow Thai exports to expand by 56 billion US dollars or 1.39% in the first quarter.

The growth could potentially reach 3.1% or 200 billion dollars by the end of this year. The United States and ASEAN markets have been predicted to do well with an expansion of 2.1% this year while European markets will contract for the first time in 3 years.

This is due to poor regional economies and certain import restrictions which have been imposed on Thailand. The demand for Thai commodities in the Japanese markets will decline for the 4th consecutive year given its slow economy.

Other factors for the Thai exports include global oil prices, Russian financial crisis, prices of farm goods and the generalized system of preferences.


-- NNT 2015-01-14

[thesetat2013]

He fails to mention that this exports could also fall by 3.1% this year.

Anything COULD happen.

[oztaurus]

The official astrologer has predicted ...

The minister for trade announces that Thai exports will grow by 5.3% this year

Export council warns that tough international conditions might see exports rise by only 1.1% this year

Roll up, roll up - pick a number, Everybody wins a prize, roll up, roll up ......

[recycled]

If the dog had not stopped for a crap, it would have caught the bus also.

[webfact]

Thai economy to grow in 2015, Deputy PM says

CHONBURI, 14 January 2015 (NNT) – The Deputy Prime Minister expects the Thai economy to grow by 3.5-4.5 percent due to the increased investor confidence.

The Deputy Prime Minister M.R. Pridiyathorn Devakula officiated the seminar on the promotion for new investment, and have given a lecture on building Thailand as a center for international business hub at the Bangsaen Heritage Hotel, Chonburi.

He has said that the positive developments to the political situation will be the catalyst to the expansion of the economy by 3.5-4.5 percent as the investors now have more confidence, while the requested investment promotion figure of 2014 is around 1.17 trillion baht.

He has said that the eastern region of Thailand is the place where most investment occurs, especially in the sectors of automobile, electronics, electric appliances, and petrol chemical.

The Deputy Prime Minister has said that the new investment promotion policy will emphasize on the industry that case benefits the nation, such as industries that utilize advanced technology and domestic resource.

The seminar was held by Thailand Board of Investment (BOI) with about 1 thousand participating investors from Thailand and other countries.


-- NNT 2015-01-14

[FangFerang]

I can see where they get their analytics from, and the numbers have real implicaions. That being said, I predict that the Thai economy will neither shrink nor grow. The overwhelming happiness of the people will make it so Thais no longer need to eat food, nor work, or even have the need for an economy. They will plant their feet in the klong and live on sunshine...like the flowers of civilization they always were.

Amen, and amen.

[ExPratt]

Please make it stop !

[ExPratt]

Double post

Edited January 14, 2015 by ExPratt

[Suffinator]

Tune in tomorrow for the Thai fortune teller's next prediction ... Tourism is to rebound with a 600% increase that will generate 10 trillion baht.

[superdome]

What do Thai's export besides rice/chicken/soy sauce....so every one..come on eat more chicken & rice sprinkle with soy sauce to the tune of 3.5% arond the world.....

[wabothai]

Center of international trade studies sounds impressive !?!?!?

[surangw]

a bit like fortune telling , the key word is "could"

[rickirs]

Just last month Ms Nantawan Sakuntanaga, director-general of the Department of International Trade, said its export target for 2015 is 4%. Now the Center for International Trade Studies of the University of the Thai Chamber of Commerce says the Thai export sector could grow 3.1% for 2015.

Such a large lowering of expectations (almost 25%) in just one month is very ominous for Thailand’s GDP for 2015 . And yet to come is the possible EU loss of trade because of GSP delisting and USA sanctions for Tier 3 placement. Economists have been predicting that exports will not help Thailand's GDP growth in 2015 - they may be right.