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Bangkok Post
Bangkok Post
Business

INSANE: Weak baht helps some sectors | Vintage Vibes

Shipping containers are loaded onto an international freighter at the Bangkok Port. The baht depreciation makes Thai exports cheaper, but imported raw materials become more expensive. Arnun Chonmahatrakool

The weaker baht is expected to boost the Thai economy and increase real GDP by 0.4%, but not all manufacturers will reap the benefits, says the Industry Ministry.

Industries such as steel, medicine and oil, which depend greatly on the import of raw materials and have few exports, will bear the brunt of the baht depreciation, said the ministry.

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