Thailand’s exports still have a chance to contract by a modest 5-10% if the government rapidly extends loans to ease liquidity problems for local industries and exporters, according to the Thai Chamber of Commerce. “The most effective stimulus measure to improve exports right now is accelerating loan extensions,” said Pornsil Patchrintanakul, the deputy secretary-general of the chamber. “Tight liquidity remains unaddressed and the credit extension by local banks is still moving at a snail’s pace despite government pledges to speed up their lending activities.” (Bangkok Post)
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