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Tiger Economy Loses Its Roar as Thailand’s Exports Slump

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Thailand is heading for a second straight year of slumping exports, something the onetime tiger economy hasn’t experienced in at least two decades and a loss that magnifies challenges for the military-run government.

Shipments abroad, which make up the equivalent of about 70 percent of the economy, have shrunk in six out of nine months this year and will probably contract in 2014, according to the central bank. That’s in comparison to an annual average pace of growth of about 13 percent in the period 2002 to 2012.