The unemployment rate is set to rise next year as
Shipments this year have been been forecast to grow by 15-20% to between US$174.91 billion and $182.51 billion.
Thai Chamber of Commerce chairman Pramon Suthivong said reduced exports were also expected to result in the country's economic growth next year being only 4-5%.
Given such an unfavourable scenario, Mr Pramon said new entrants to the labour market _ notably fresh university graduates _ are expected to be hard hit. Next year several hundred thousand people are expected to enter the employment market.
According to the National Statistics Office, 4.5 million people were unemployed in August, representing about 1.25% of the kingdom's 35 million-strong labour force.
Mr Pramon said the government needed to boost the domestic economy and formulate measures to contain the impact from the
The chamber also urged the government to handle protests more gently, as violence could seriously damage the economy.