Macroeconomic Forecast ThailandJanuary 2012 | Macroeconomic Forecasts
Thailand's trade exports contracted by 12.5% y-o-y in November, compared to an expansion of 21.5% y-o-y in October. Meanwhile, imports also contracted by 2.4% y-o-y in November. Although we are expecting a rebound in trade as the floods begin to recede, we believe that a deteriorating outlook on external demand will keep export growth subdued over the coming months. This suggests that Thailand's trade surplus will continue to narrow in 2012.
To read the full article, please choose one of the following options: