Drops in domestic spending, imports slow Thai economy

09/1/2013 | Xinhuanet.com (China)

Thailand's domestic spending fell 0.7% and exports were down 1.3% in July from a year before, posing a drag on the nation's economy, said Mathee Supapongse, senior director of the central bank's Macroeconomic and Monetary Policy Department. Separately, gold imports caused the current-account deficit to swell to US$709 million in July from US$664 million in June.

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