Business & Investment

Thai exports will grow 4% in 2021

Bangkok (NNT) -International Trade Promotion Agency (DITP) predicts 2021 exports will gradually return to expansion mode, based on signs of global economic recovery and distribution of vaccines to protect people I will. COVID-19 (new coronavirus infection) (# If there is no character limit, add parentheses when it first appears..

DITP Secretary-General Somedet Susomboon explained today that in line with other public and private sector forecasts, 2021 exports are projected to achieve overall 4% growth by the end of the year.

Contribution factors include the recovery of the world economy and the International Monetary Fund (IMF) estimates that the world economy will grow by 5.2% in 2021 from a 4.4% shrink this year.

Developing countries in the emerging markets category of Asia, including China, India and the five ASEAN countries, are expected to recover fastest overall. The World Trade Organization forecast is a 7.2% expansion of the global economy in 2021. All of these factors benefit Thai exports.

Other contributors to Thai trade include anti-delivery COVID-19 vaccine, This improves economic confidence, quick consumption, economical Stimulus In many countries, orders from trading partners are increasing.

Exports related to COVID-19, such as food, hygiene products, home entertainment and telecommuting tools, continue to increase due to new waves of infection in several countries recently.

Thai exports will grow 4% in 2021 Thai exports will grow 4% in 2021

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