GENBackground
Record exports mask wider trade deficit as baht slumps 8%
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Thailand's export growth is at record highs and growth forecasts have been lifted, yet the country is also posting a soaring trade deficit, while the baht has weakened by 8%. The economy is described as booming on paper but cracking underneath, with fears that the deficit signals deeper structural issues. Expats should monitor currency and trade trends, which may affect the cost of living and import prices.
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