UTCC: Exports to recover this year

[webfact]

UTCC: Exports to recover this year



BANGKOK, 13 January 2016, (NNT) - A forecast by the University of the Thai Chamber of Commerce (UTCC) says exports would expand 218,000 dollars or 2% this year, the first positive growth in four years.

The projection was compiled by the Center for International Trade Studies of the UTCC. The Center has linked the sector's recovery to the global economic recovery, which is predicted to grow 3.6% by the International Monetary Fund (IMF).

The Center's Director, Aat Pisanwanich, explained that Thai exports could rely on markets in the United States and the CLMV region, provided that global economic growth follows the IMF's prediction.

World Bank had earlier forecast that India's economic growth would expand 7.5% for 2015-2016, the highest rate in the world.

Mr. Aat said this year, the exports would face difficulties, such as insurgency across the world, China's economic slump, tougher competition, poor agricultural prices, and the EU stance on illegal fishing in Thailand.


-- NNT 2016-01-13

[webfact]

UTCC predicts 2% export expansion, first time in four years



BANGKOK: -- The University of the Thai Chamber of Commerce says Thailand’s exports for this year will expand for the first time in four years with an expected export growth of 2 %.

UTCC states that Thailand’s export sector will enjoy a growth in a range of between 0.1 – 4.1 in 2016.

This could possibly earns Thailand anywhere between US$214 to 222 billion. A growth of 2%, which amounts to US$ 218 billion, is predicted and this will mean that the country’s exports will expand for the first time in 4 years.

The UTCC predicts that as a result of the sustained economic recovery of the US, there will be a greater dependency on the US market by Thailand’s export sector.

Other markets such as the CLMV (Cambodia, Laos, Myanmar and Vietnam) and Indian markets, still remain as priority markets but the slowdown in the Chinese economy could possibly burden export growth.

The UTCC predicts further that exports to China will continue to fall for this year and this represents a sustained drop of 3 years.

Other factors that could slow export growth are the global drop in agricultural prices, the EU yellow-carding the Thai fisheries industry, political confrontation between nations and finally the increase in terrorism activities throughout the world.

Source: http://englishnews.thaipbs.or.th/utcc-predicts-2-export-expansion-first-time-in-four-years


-- Thai PBS 2016-01-13

[kotsak]

In other news:

Foreign investment plummets 78% in junta-ruled Thailand:

http://www.straitstimes.com/asia/se-asia/foreign-investment-plummets-78-in-junta-ruled-thailand

[never me]

Just the spin factory hard at work.

[trainman34014]

Amazing Thailand.....the dream factory !

[Srikcir]

prediction of 2% growth in exports

On the other hand:

"the Bank of Thailand expects export growth to be flat this year, with its forecast taking into account a sharper slowdown in China and other Asian economies, the adverse impact of geopolitical conflicts on global demand and tourist confidence, and a further severe drought in Thailand."
The Nation 2016-01-04

After several quarters of contraction, if Thailand sees 0.5% growth in exports it will be lucky.

[zyphodb]

So economies the world over are crashing, commercial shipping has practically stopped & these jokers think that Thai exports are going to increase???

What planet are they living on? Mars???