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Concerned About The Deterioration Of European And American Economies, Thailand Textiles

2011/8/18 15:47:00 39

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As the consumption, employment and manufacturing index shows that the US economy is slowing down, the US government must accept the conditions for reducing budget expenditure, even though the US government can raise the debt ceiling before the deadline, which will inevitably limit the future economic growth of the United States.

At the same time, credit rating agencies continue to pay attention to the financial situation of the United States, and do not deny that the US credit rating still has the risk of being further downgraded.

For the eurozone,

market

Concerns about the debt problem of PIGS-, Portugal, Ireland, Greece and Spain have not yet been eliminated. At present, the focus has shifted to Italy and Spain, the third and four largest economies in the euro zone. They are concerned about the possibility of debt default in the two countries, resulting in a sharp rise in yields on Italy and Spain.

In the context of global concerns that the US and the euro zone economy may fall into a second recession, the Thai Farmers' Research Center believes that Thailand industries directly affected by the above situation are highly dependent on the US and euro zone market industries.

Among them, the most affected industries are textiles, furniture and spare parts, which are more than 40% dependent on the US and the euro area.

As for canned seafood, shrimp and chicken processed products, canned fruits and fruit processing products, although the dependence on these two markets is quite high, these products are consumer necessities and are less affected.

The industries affected by the following factors include electrical appliances and parts, refrigeration compressors, rubber products, motorcycles and parts, printed circuit boards, computers and their equipment and components, radio receivers and televisions and components, aviation equipment parts, air conditioners and parts, pformers and parts, jewelry and so on.

The less affected industries are agricultural products, automobiles and their products.

equipment

And parts, chemical and plastic pellets, etc.

If the total takes up

global economy

The United States and the euro area, with a total volume of 40%, have fallen into second recession. Countries around the world will be affected, leading to a marked decline in the global economy. This is a drag on Thailand's export growth rate in 2012, and is lower than the expected growth rate of 12-17% in the Thai Farmers' research center.

In bad conditions, Thailand exports may suffer negative growth during the last economic crisis.

But in general, it still depends on other factors, especially Asian economic trends and commodity prices.

In response to the impact of Thailand's economy, Thailand's economy was dragged down or shrunk during the economic crisis in the United States.

In the best case, if China and other Asian economies still have considerable growth momentum, and the Thailand government is stepping up its efforts to stimulate economic measures, Thailand's economy is still expected to achieve positive growth, but the growth rate will not exceed 2%.

In the case of global economic fluctuations, the exchange rate will continue to fluctuate. Operators, especially exporters, must take more prudent management of foreign exchange pactions.