Mr Charat says the 7% export growth forecast is lower than that of many other institutions.
The Export-Import Bank of Thailand (Exim Bank) has raised its export growth forecast for this year, following a 17% surge in shipments during the first quarter.President Charat Rattanaboonniti said the bank estimated export expansion of 7% this year, higher than its previous forecast of 2%, after first-quarter exports surged by as much as 17%.
The 7% export growth projection remains lower than forecasts by many other institutions, and is a contraction from the 12.7% gain last year, he noted.
The global economy will continue to face volatility and uncertainty the remainder of the year, stemming from geopolitical conflicts, fluctuations in commodity and global financial markets, and environmental changes, said Mr Charat.
Exim Bank set a target for new lending this year of 70 billion baht, with outstanding loans expected to reach 180 billion baht. The bank expects to maintain 6,000 exporting entrepreneurs in its portfolio this year.
