What Happened to Thailand's Economy? Thailand Economy Explained

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In recent years, global economic highlights have focused on Southeast Asia, particularly Thailand, which boasts the fourth-highest GDP per capita in ASEAN.
However, in the first quarter of 2024, Thailand's economic growth rate ranked last in ASEAN.
The country also faces a serious debt problem, with household debt accounting for a high proportion of GDP, ranking third in Asia, only behind South Korea and Hong Kong.
In this video, we will discuss Thailand's economic issues.
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Thailand’s Prime Minister Srettha Thavisin removed from office in court ruling.
Such a chaotic political environment!

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“Thailand is falling into middle income trap”
Falling???
Bruh, we dig ourself a hole and jump inside, we’re not falling, we’re stressfully chilling in this trap we dug ourself for over a decade.

Peeoto