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Research houses predict export growth
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published : 28 Jul 2021 at 04:00
4 Containers are stacked at Klong Toey port in Bangkok. Export shipments increased by 43.8% year-on-year in June, the highest in 11 years.
Research houses have upgraded growth projections for Thai exports after shipments recorded high levels in June because of the global economic recovery.
Krungsri Research, a unit under Bank of Ayudhya, increased Thailand s export growth forecast for 2021 to 13.5%, up from 9% earlier, after shipments in June surged 43.8% year-on-year, an 11-year high.
The research house predicts Thai exports will maintain positive momentum in the second half of this year, though the growth rate may slow because of the base effect. Moreover, the continued high number of daily infections will likely affect the manufacturing sector and exports in the second half, said the unit.
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