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Tuesday, May 14, 2024

Bangkok Post – Calculating the cost of war

UN and UN Relief and Works Agency workers carry aid boxes to distribute to displaced Palestinians in a location called Jabalia, in the northern Gaza Strip. (Photo: Reuters)

Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.

The recent tit-for-tat conflict between Israel and Iran could pose a challenge to the Thai economy in the second quarter, as the International Monetary Fund slashed its Thai GDP forecast to 2.7% growth from 4.4% when domestic consumption slumped.

Stock markets and gold prices across Asia were affected earlier this month when the…

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