Section: Economy - Thailand's exports are set to slip to an 18-year low, as shipments to key markets look unlikely to recover this year, the Bangkok Post reports.
The value of exports will probably shrink by 17.7% to 22.7% this year to about US$146.33 billion, said Aat Pisanwanich, director of the Centre for International Trade Studies at the University of the Thai Chamber of Commerce.
Exports are expected to bottom out in the third quarter, down 22.3% from the same period in 2008. They are then set to improve in the fourth quarter, which should see a 3.5% year-on-year contraction, thanks to an anticipated global recovery, he said.
The value of exports in …