[QODLink]
Asia-pacific

Thailand's economy slips back into recession

More and more people are struggling to pay off debts but arenít earning as much.

Last Modified: 30 Aug 2013 08:27
Email Article
Print Article
Share article
Send Feedback

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.

101

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lacking cohesive local ground forces to attack in tandem, coalition air strikes will have limited effect, experts say.
Hindu right-wing groups run campaign against what they say is Muslim conspiracy to convert Hindu girls into Islam.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
Muslim caretakers maintain three synagogues in eastern Indian city, which was once home to a thriving Jewish community.
Amid fresh ISIL gains, officials in Anbar province have urged the Iraqi government to request foreign ground troops.