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The head of the International Monetary Fund (IMF) predicts Thailand and Southeast Asian countries will suffer from recession this year along with the rest of the world. Kristalina Georgieva believes a third of the global economy will be in recession this year, including Thailand, and Vietnam. The 69 year old Bulgarian economist reckons 2023 will be “tougher” than last year as the United States, European Union, and China witness a slowdown of their economies. The prediction is a result of the effect of the Russia-Ukraine conflict, rising prices, higher interest rates and the spread of Covid-19 in China weighing on […]

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I’m shocked! You mean to say that a country that has allowed thousands of its businesses to fail over the last two years and sees one of its main industries (tourism) decline by 75%, while pumping billions in to supporting its currency and offsetting rising fuel costs, will suffer recession? Wow! These IMF people are so so smart! 

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