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Foreign tourist arrivals are projected to total 32.4 million this year, down 9% from 2024. Maybank says muted tourism spending caused the largest services trade deficit in five quarters: 65 billion baht or 1.4% of GDP.
Analysts increasingly expect the Bank of Thailand to cut the policy interest rate at its meeting next month after GDP growth fell to the weakest pace in four years in the third quarter amid weakening domestic
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