July 22, 2020 / 3:50 AM / 15 days ago

Thai exports seen falling 8%-10% this year -Export-Import Bank

BANGKOK, July 22 (Reuters) - Thailand’s exports are expected to fall by between 8% to 10% this year as the coronavirus pandemic hits global demand, the Export-Import Bank of Thailand said on Wednesday.

The drop was downgraded from an estimated decline of 5% to 8% projected in April, a bank official told a briefing.

In January-May, exports, a key driver of Thai growth, contracted 3.7% from a year earlier.

Reporting by Orathai Sriring and Satawasin Staporncharnchai Editing by Ed Davies

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