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Thai Economy Faces Recession Challenges
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Thailand's economy is in a recession due to high household and private sector debt burdens, leading to a lowered growth projection for 2024. The government plans to issue bonds overseas in dollar, yuan, and yen to raise funds. The 2024 fiscal year will see a government savings bond sale worth about 100 billion baht.
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How might the high debt burdens in Thailand affect its long-term economic stability?
How might the issuance of bonds overseas impact Thailand's financial markets and international investment?
What strategies could the government employ to stimulate economic growth and address the recession?
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