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Southeast Asian countries in general have seen exports falter as growth slows in China, and Europe and Japan struggle to sustain economic recovery
The Thai baht has slipped almost 5% against the United States dollar in the past three months, after reaching its highest level since 1997 in April. The benchmark Stock Exchange of Thailand Index has lost more than 10% over the last three months, among the worst performers in Asia.
The central bank cut its 2013 GDP growth forecast to 4.2% from 5.1% on July 19, citing weaker-than-expected exports.
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