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SCB EIC lowers Thailand’s 2024 export growth forecast to 2.6%, despite strong growth of 6.8% in April.
Thai exports showed significant improvement in April 2024, with a 6.8% year-on-year increase. Agro-industrial and manufacturing products were key drivers of this growth. Despite a trade deficit, SCB EIC expects further export improvement in 2024, although global trade volume forecasts have been downgraded, impacting the overall growth outlook.