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Bangkok Post
Bangkok Post
Business

UNCOVERED: Kresearch projects exports contracting 1 2 this year - The Untold Story

KResearch Kasikorn Research Center United States Europe
A shipping container is loaded at Bangkok Port. The Thai export outlook was downgraded because of the global slowdown. (Photo: Arnun Chonmahatrakool)

Exports are forecast for a deeper contraction of 1.2% this year, attributed to the global economic slowdown and the banking debacle in the US and Europe, according to Kasikorn Research Center (KResearch).

The centre downgraded its export outlook for 2023 from a previous contraction of 0.5%, citing the US economy's slower growth and the ongoing banking crisis in the US and Europe as major factors.

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