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Thailand’s booming auto exports help plug tourism hole

As tourism-reliant Thailand struggles with a collapse in foreign visitors, the country’s auto sector is picking up some of the slack with the value of car exports tipped to surge to a record this year as the global economy reopens. 

As tourism-reliant Thailand struggles with a collapse in foreign visitors, the country’s auto sector is picking up some of the slack with the value of car exports tipped to surge to a record this year as the global economy reopens.

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The Southeast Asian nation is Asia’s second-most popular tourist destination but its famous beaches, street markets and pagodas have been starved of business over the past year due to pandemic restrictions that have crippled global travel.

While the Bank of Thailand has downgraded its projections for this year’s economic growth due to the hit to consumption…

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