Trade Growth To Slow

May 2005
Asia Monitor: South East Asia Monitor Volume 1;May2005, Vol. 16 Issue 5, p3
Country Report
Country Report
The article informs that after strong growth in 2004, Thailand's exports and imports are expected to slow in 2005. A slowdown in the U.S. and a strong exchange rate will cause export growth to slacken, while reduced domestic economic growth is the main reason behind a slower increase in imports. Trade growth, which was especially strong in 2004, is set to slow in 2005 as the Thai exchange rate remains strong and economic expansion in the U.S., Thailand's main trading partner, moderates. Thailand remains especially vulnerable to higher oil prices because of a government decision to subsidise the cost of oil, which means that consumers have very little incentive to reduce oil output when prices rise.


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