Thai exports are expected to grow by 2-5% next year, easing from an expected 8% increase in 2022, according to a trade group.
Chaichan Chareonsuk, president of the Thai National Shippers' Council, attributed next year's slow growth to the anticipated economic decline of key trading partners such as China, the US, and the EU.
The forecast was also based on the Thai currency's moderate weakness of 36-38 baht against the US dollar, global oil prices averaging US$90 per barrel, easing production costs, and a relaxation of semiconductor shortages.
