NEWS
Europe and the worsening economic Thai textiles exports is not optimistic
Business club on August 17,-in the consumer, employment and manufacturing index showed the U.S. economy slowing appeared, although the U.S. government in the deadline by adjusting and higher debt limit bill, but must accept the conditions of the budget cuts spending, this will inevitably limit future growth in the United States, At the same time, the credit rating agencies still continue to focus on the financial condition, and doesn't deny the United States credit rating is still there be cut risk.
For the euro zone, in the market for "the pig four" (PIGS-Portugal, Ireland, Greece and Spain) debt problem has not eliminate worries, the current focus turned to as the euro zone and 3 and 4 big economies of Italy and Spain, worried about the two countries may appear debt default problem, lead to the Italian and Spanish bond yields has soared.
In the global fears that the us and the economy of the euro area might be in the second recession, taehwa farmers centre said, by the influence of the above situation directly is highly dependent on the U.S. for Thailand industry with the eurozone market industry.
Among them, the most greatly affected degree to the United States and more than 40% of the euro area's dependence of industries, including textiles, furniture and parts, etc. As for canned seafood, shrimp and chicken processing products, fruit and fruit processing products, although to the above two market dependency quite high, but of these products belong to consumption necessities, suffer a lesser degree.
Affected the second degree and accessories, electrical industry include refrigeration compressor, rubber products, motorcycle and parts, printed circuit board, computer and its equipment and spare parts, radio receiver and a TV set and parts, aviation equipment parts and components, transformer, air conditioner and parts and jewelry and so on.
Lesser extent by the industry for agricultural products, automobile and its equipment and spare parts, chemical industry and plastic aggregates, etc.
If total share in global economic output 40% of American and the euro zone into a second recession, countries around the world will be affected, resulting in the global economy dropped significantly, will drag down 2012 Thailand export growth slowed sharply, and below the taihua farmers research center is expected to 12-17% of the growth rate. In severe cases, such as the United States may result in Thailand last economic crisis export during appear as negative growth. However, from the overall perspective, still depends on other factors, especially Asian economy and commodity prices.
In Thailand economy suffers, the effects of the economic crisis in the United States was during, the Thai economy under the drag and falls or atrophy. In the best case, if the Chinese and other Asian economies is relatively growth momentum, and the Thai government to take economic stimulus measures, the Thai economy still positive growth is expected, but growth will not more than 2%.
In the global economic fluctuations, the exchange rate would be continued volatility, distributor, especially the exporter must take more cautious of foreign exchange management.