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Wat Arun temple in Bangkok, Thailand.

What’s behind Thailand’s Deflation Spell

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While many countries struggle to tame inflation, Thailand has been facing deflationary pressures. This isn’t the first time Thailand has faced deflation: The last one was in late 2023 and early 2024, and before that, during the pandemic. So, what is going on now in the land of smiles? At first glance, the…

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