Thailand's second-quarter GDP confirms that the export-dependent economy is decelerating, which puts more pressure on the new government to keep up momentum. It also sets up a potential clash with the Bank of Thailand, which meets Wednesday to set its benchmark rate, currently 3.25%. Most economists reckon the BOT will tighten again. Its governor has repeatedly cited inflationary pressures in the economy, including rising food prices that hurt the reelection chances of the previous Abhisit government.
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