Thailand: Q4 exports seen up no more than 5% – shippers

• Sep 04, 2017

Thailand’s annual exports are expected to grow no more than 5% in the fourth quarter as a strong baht has affected trade competitiveness, the Thai National Shippers’ Council said on Monday, as the currency hovered at 28-month highs against the dollar.

The group predicts exports will rise 5% for the whole of 2017, Visit Limluecha, the council vice-chairman, told a news conference.

In January-July, exports, a key driver of Thailand’s growth, increased 8.2% from a year earlier.

Exports have just recovered in 2017 after years of weakness.

The baht has appreciated 7.9% against the dollar so far this year, becoming Asia’s best performing currency.

Source: http://www.bangkokpost.com/business/news/1318179/q4-exports-seen-up-no-more-than-5-shippers