Thai shippers cut 2019 export forecast to fall 2.5%-3.0%
Thailand s shipping association on Tuesday lowered its 2019 export forecast for the year s fifth time. With a forecasting drop of 2.5% and 3.0%, the prediction was made due to global trade tensions and a strong local currency.
In October, the association forecasted an export decline of 1.5% in 2019.
For 2020, exports are still expected to rise 0-1% according to a statement by Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers' Council.
"There are no positive factors but risks," she said regarding the Trade War and the strong Baht, which has appreciated 7.6% against the U.S. dollar this year, putting further pressure on export competitiveness.
https://maxitrade.com/en/thai-shippers-cut-2019-export-forecast-to-fall-2-5-percent-to-3-percent
Congratulations @criptonizer! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit