Growth decelerated more than expected to 1.8 percent in Q2 2023, amid the global trade slowdown. Private
consumption remained strong, buoyed by a strong labor market and the gradual tourism recovery. Slowing inflation
and energy subsidies relieved pressures on living costs and supported private consumption. As a result, fiscal
consolidation remained gradual due to extended energy subsidies. In July, the Thai baht appreciated, similar to
most Asian...
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