Thai exports expected to rise 1%-2% this year, shippers group says

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BANGKOK, May 7 - Thailand's exports are expected to rise 1% to 2% this year, unchanged from a previous forecast, the Thai National Shippers' Council said on Tuesday.

In March, exports, a key driver of the Thai economy, dropped 10.9% from a year earlier, due to global uncertainty and a high base in 2023. Shipments dropped 1% last year.

The export forecast of 1% to 2% should be achieved and the baht currency depreciation is still supporting shipments, the group said.

Last week, the finance ministry cut its 2024 export growth forecast to 2.3% from a previous expectation of a 4.2% increase.

(Reporting by Orathai Sriring; Editing by Martin Petty)