CrazyExpat Posted August 19, 2010 Report Share Posted August 19, 2010 BANGKOK—Thailand's commerce minister Thursday urged the central bank to do more to stabilize the baht, blaming the currency's strength for a sharp slowdown in export growth, which pushed the country to a trade deficit in July. Southeast Asia's second-largest economy ran a trade deficit of $939 million in July, after imports surged 36.1% to a 23-month high of $16.5 billion, while exports rose 20.6% on year to $15.56 billion, Commerce Minister Porntiva Nakasai told reporters Thursday. Thailand last recorded a trade deficit in April of $266.1 million. http://online.wsj.com/article/SB10001424052748704476104575438840030887822.html?mod=googlenews_wsj Link to comment Share on other sites More sharing options...
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