Thai exports booming despite political crisis
Tuesday, 16 September 2008
BANGKOK, Sept 15 (AFP): Thai exports are set to expand by up to a quarter this year, beating the government's target despite the kingdom's relentless political turmoil, commerce minister Chaiya Sasomsap said today.
"This year exports are expected to grow by up to 25 per cent, up from our previous target of 20 per cent," Chaiya told reporters.
"That follows from strong growth of exports last month at more than 26.1 per cent," he added.
He also predicted that the global economy would gradually improve next year.
"The US economy is likely to improve following the US presidential election. That should be good for exports," he said.
"This year exports are expected to grow by up to 25 per cent, up from our previous target of 20 per cent," Chaiya told reporters.
"That follows from strong growth of exports last month at more than 26.1 per cent," he added.
He also predicted that the global economy would gradually improve next year.
"The US economy is likely to improve following the US presidential election. That should be good for exports," he said.