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People are going shopping 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.
People are going shopping 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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