Ekniti Nitithanprapas, director of FPO's Macro-Economic Analysis Division, said the U.S. Federal Reserve's move to revise its economic growth estimate downward next year to 1.8-2.5 percent from 2.5-2.75 percent lived up to the FPO's earlier expectation, Thai News Agency reported Thursday.
Ekniti said the
He said the
The shifting to new export destinations has made the portion of exports to the
However, Ekniti said, the FPO would take the impact of the U.S. economic slowdown into account for a revision of its economic growth estimate on Nov. 27 before releasing an official gross domestic product (GDP) figure.
Asked to comment on the export surge in October, Ekniti said that FPO was studying details, but assumed initially that it was mainly attributed by the shifting of export markets.