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Bangkok Post
Bangkok Post
Business

Exports seen contracting 10% y/y in Q1

Bustling Bangkok Port, run by the Port Authority of Thailand, is located on the east bank of the Chao Phraya River in Khlong Toei district. (Photo: Nutthawat Wichieanbut)

Thailand's exports are likely to show a contraction of 10% in the first quarter of this year from a year earlier, bigger than a previous forecast drop of 8%, the country's shippers' council said on Tuesday.

The global economy was slowing and a recovery in China's economy was not as fast as expected, Chaichan Chareonsuk, chairman of the Thai National Shippers' Council, told a news conference.

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