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A vendor is selling prawns (shrimp) at Khlong Toey wet market in Bangkok, Thailand, on June 3, 2025. Although Thailand's export market is seeing a year-over-year rise in the early months of 2025, experts are saying the overall economic situation is dire, indicated by a growing trade deficit, excessive government spending, a massive tourism decline, and a very high household-to-debt ratio looming, driving concerns of economic recession as the Thai Government is scrambling to manage the impact of incoming Trump tariffs.
A vendor is selling prawns (shrimp) at Khlong Toey wet market in Bangkok, Thailand, on June 3, 2025. Although Thailand's export market is seeing a year-over-year rise in the early months of 2025, experts are saying the overall economic situation is dire, indicated by a growing trade deficit, excessive government spending, a massive tourism decline, and a very high household-to-debt ratio looming, driving concerns of economic recession as the Thai Government is scrambling to manage the impact of incoming Trump tariffs.
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