Thai Baht Slumps to One-Year Low, Stocks Decline on Recession

Thai Baht Slumps to One-Year Low, Stocks Decline on Recession – Bloomberg, august 20, 2013
…“Thai economic growth may slow further in the third quarter as domestic consumption and exports are very weak,” said Voravan Tarapoom, the Bangkok-based chief executive officer of BBL Asset Management Co., which oversees about $12 billion of assets. “The weak economy may damp the outlook for Thailand’s equity market for most of this year…”

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