[THAILAND ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Thailand economic news to share with you which is as undermentioned.
Cargo containers stacked at Bangkok port in Klong Toey district. Thai exporters view the stronger baht as a major threat. (Photo by Krit Promsaka na Sakolnakorn)
Thai exports are projected to grow by 3-4% at best this year, as the ongoing trade war is unlikely to end any time soon, economists told a forum on the spat.
A group of Thai exporters warned at a separate event that the strong baht is a major threat to export growth prospects this year and asked responsible state units to rein in the currency to make outbound shipments more competitive.
Somjai Phagaphasvivat, a political economist at Thammasat University, speaking at a seminar on "Thailand Exports in 2019 Amidst Global Uncertainties" said international trade will suffer both fr om the world's economic slowdown and the escalating trade war.
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