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Thai Exports Fall

Thai Exports FallThai Exports Fall

Thailand’s customs-cleared exports unexpectedly dropped in October after two months of gains, adding to pressure on the struggling, trade-reliant economy in the face of tepid global demand, NewsNow reported. Exports, worth about two-thirds of the Thai economy, have contracted the past three years, placing a big drag on the military government’s attempts to revive South-East Asia’s second-largest economy. Domestic consumption also remains sluggish, despite the junta’s efforts to boost demand since it seized power in May 2014 to end months of political turmoil. Exports fell 4.2% from a year earlier, commerce ministry data showed on Monday.

 

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