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Investing.com -- Thailand’s economy slowed in June compared to the previous month, following an earlier acceleration, as exports and industrial production declined and tourism revenues fell, the central bank reported Monday.
The Bank of Thailand (BOT) stated that industrial production decreased, with automotive production declining in line with falling exports and domestic sales.
Despite the slowdown, exports, a key driver of the Thai economy, grew 16.1% in June from a year earlier, while imports rose 13.8%, resulting in a trade account surplus of $3.3 billion.
Thailand recorded a current account surplus of $2.4 billion in June, according to the BOT.
The central bank indicated that in the second quarter of 2025, Southeast Asia’s second largest economy is expected to have grown at a similar pace to the first quarter.
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