Australia’s Central Bank Predicts Gradual Inflation Slowdown, Adjusts Economic Forecasts 
Moldova’s Pivotal Presidential Runoff: A Choice Between East and West 
Nikkei 225: Bracing for Impact Amid Trump and Harris Election Fallout 
U.S. Consumer Protection Bureau Settles Racial Bias Lawsuit with Chicago Mortgage Lender 
U.S. Stock Markets Surge as Amazon Leads Gains Ahead of Election 
Oil Prices Surge on OPEC+ Output Delay Amid Political and Economic Events 
Asia's Manufacturing Activity Stagnates Amid Mixed Signals 
Nvidia CEO Urges SK Hynix to Accelerate Next-Gen HBM4 Chip Production 
Concerns Mount Over Vietnam's Draft Data Protection Law 
Commodity Trading Advisors Favor U.S. Stocks, Dollar, and Gold Ahead of Presidential Elections 
Ukraine Urges Russia for Transparent Prisoner Swap List Amid Accusations of Sabotage 
India's Manufacturing Sector Rebounds in October, Boosting Job Creation and Business Outlook 
Asian Markets Tumble on U.S. Election Tension; Chinese Stocks Up on Positive Data 
Asian Markets Rise Amid China’s Stimulus Talks, U.S. Election Caution 
Australia’s Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Thailand's Export Forecast Holds Steady at 2% Growth for 2024
Thailand’s exports are expected to grow by 2% this year, consistent with previous projections, according to the Thai National Shippers’ Council. The export sector, a critical driver of the country’s economy, saw a year-over-year increase of 1.1% in September.
Positive Outlook for Thailand's Export Sector
Despite a challenging global market, Thailand’s commerce ministry remains optimistic, setting a target for 2% export growth by the end of the year. If achieved, the value of Thailand’s shipments could reach a record high of $290 billion. This steady growth underscores the resilience of Thailand’s export-driven economy amidst shifting global trade dynamics.
Economic Implications of Export Growth
Thailand’s export sector plays a vital role in sustaining the country’s economic health, as exports contribute significantly to GDP. The expected 2% increase is likely to enhance Thailand’s economic stability, with potential benefits extending across various industries. This forecast reflects confidence in Thailand’s trade partnerships and ability to meet global demand despite current challenges in the global economy.
