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UTCC forecast sharp export drop

Thailand 's export this year is expected to drop by 17.7 per cent year-on-year to US$146.3 billion, the lowest level in 18 years since 1992, according to the Centre of the International Trade Studies under the University of the Thai Chamber of Commerce (UTCC).

The export decline is due due to the global economic slump.

In the worst case, the country's export could face a contraction at 22.7 per cent this year, said Aat Pisanwanich, director of the centre.�The Nation.

UTCC forecast sharp export drop

Thailand 's export this year is expected to drop by 17.7 per cent year-on-year to US$146.3 billion, the lowest level in 18 years since 1992, according to the Centre of the International Trade Studies under the University of the Thai Chamber of Commerce (UTCC).

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