Export growth to stay in single digits for 2 years, UTCC centre predicts

Export expansion will stay in single digits for two years, at 3.1-7.2 per cent per year, because of higher wages, the euro-zone credit crisis and slowdowns in Japan and China, according to the University of the Thai Chamber of Commerce.

The growth forecast by the university's International Trade Studies Centre is more pessimistic than the Commerce Ministry's projection of 8-9 per cent.

The Nation