Thai exports to grow 5% this year

[webfact]

Thai exports to grow 5% this year

 

 

BANGKOK: -- Thailand's exports could jump to 5% growth this year as there are several contributing factors.

 

This was what the Ministry of Commerce hoped when it assessed the country’s trade and economical conditions.

 

The Commerce Ministry’s Office of Policy and Strategic Trade deputy director Ms Pimchanok Wornkorporn said  that Thailand’s exports for 2017 will continue to grow by between 2.5 – 3.5%.

 

But she said if the economies of Thailand’s major trading partners improve there is a strong likelihood that export growth could be as high as 5%.

 

She said factors contributing to Thailand’s export growth is the rise in global fuel prices which shows signs of appreciating to between US$50-60 per barrel and the devaluation of the Thai baht which now stands at US$35.5-37.5 baht to the dollar.

 

However she said the policies of US President Donald Trump could become both a risk and an opportunity for the country.

 

She said the US President has plan to introduce trade restrictions on goods from China and Mexico which may inadvertently affect Thailand as  China is one of the country’s leading trading partners.

 

Full story: http://englishnews.thaipbs.or.th/thai-exports-grow-5-year/

 

-- © Copyright Thai PBS 2017-01-25

[petermik]

Of course this "forecast" will be subject to re-calculation at any time

[grumbleweed]

 

5% could well turn out to be a bit on the conservative side....

If there's a market for the magic mushrooms that the loons in office appear so fond of

 

[saakura]

Exports on the rise, booming tourism sector, expected bumper harvest of rice, reconciliation & democratic elections... Thailand is a beacon of light for the rest of the world to look up to.

[elgordo38]

Does this fortune teller work for True TV as well???

[opalred]

trump told them 

so it is true

[Srikcir]

7 hours ago, webfact said:

Thailand's exports could jump to 5% growth this year

On the other hand

7 hours ago, webfact said:

Thailand’s exports for 2017 will continue to grow by between 2.5 – 3.5%.

But

7 hours ago, webfact said:

may inadvertently affect Thailand

The Commerce Ministry really has no idea.

Last year was a great improvement since the government protests in 2013 began with an overall negligible contraction in exports and trade deficit.