Thailand exports worsen contraction in August

Slide deepens to -7.0% yoy from -4.5% the previous month.

According to BBVA, Thailand imports also contracted by -8.8% y/y after a rise of 13.7% y/y in July.

"The outturn highlights worsening exports as the key downside risk for Thailand's growth outlook. Exports are expected to remain weak for some time given ongoing external uncertainty, with a rebound in external demand yet to materialize," it said.

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