Thailand has fallen into recession after the economy shrank unexpectedly in the three months that ended in June.
The numbers for the economy issued by the central bank show more and more people are struggling to pay off debts but aren’t earning as much.
The country had been recording strong economic growth, outpacing its regional rivals, but now buyers at home and overseas are feeling the squeeze and businesses are becoming more pessimistic about the future.
In the first of a three part series on troubled Asian economies, Al Jazeera’s Veronica Pedrosa reports from Bangkok.
Source: Al Jazeera