A robust baht is one factor which risk weighing on strong export growth momentum. The Thai National Shippers' Council (TNSC) has revised the 2017 export growth forecast up to 5% from its previous forecast of 2.5-3.5%, as exports rose in the second quarter of the year, indicating recovery in major importing countries. TNSC chairwoman Ganyaphad Tantipipatpong said strong demand has lifted export growth substantially, with shipments in June growing 11.7% year-on-year to US$20.3 billion (676 billion baht). But Ms Ganyaphad said there were also risks lying ahead that could pare export rises in the second half. "Major negative factors include the stronger Thai baht and rising oil prices, which could add to export costs," she said.

Source: Bangkok Post August 01, 2017 19:18 UTC