The Thai National Shippers’ Council (TNSC) has said the US debt
crisis is pushing the Thai economy down, as exports is forecast to see
an 1 percent growth this year.
TNSC Chairman Nopporn
Thepsithar said the US economic slump is one of the main factors
affecting Thai exports. According to him, the Thai exports is expected
to grow only 1 percent this year or by 20 billion USD, much lower than
the previous anticipation of 2.5 percent in August, adding that in the
first nine months of 2013, Thailand’s export value was 172 billion USD,
an increase of only 0.05 percent.
While Thailand saw a
slight growth, other ASEAN nations like Malaysia, Indonesia, and
Singapore had a minus in their exports.
The Chairman also
forecasts that Thailand next year will see its export grow in a
range of 5-7 percent, while expressing concerns over the political
uncertainty, which could affect the competitiveness of the country.-VNA/NNT