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In page Economy of Thailand:

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In September 2020, World Bank forecast that Thai economy would contract 8.9% by the end of the year due to COVID-19 pandemic.[18] The Thai government cut jet fuel tax since February 2020.[citation needed]In August 2024, the dismissal of Thai Prime Minister Srettha Thavisin exacerbated Thailand's economic difficulties, impeding the implementation of significant financial measures. This political upheaval intensified existing issues such as high household debt and economic stagnation, further undermining investor confidence and economic stability.[19]