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Blast Raises Pressure for Thai Stimulus as Growth Pillars Tumble

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Bangkok’s deadly bomb attack this week is set to hit Thailand’s last remaining growth pillar with travel warnings and canceled trips, adding pressure on authorities to restore confidence and stimulate the economy.

Weaker tourism in the next two to three quarters will probably hurt Thailand’s economic growth and the explosion could have a longer-lasting impact on visitor numbers compared with previous incidents in the past decade, Standard & Poor’s said Tuesday. Tourism stocks fell the most on record Tuesday, while the baht approached its lowest level since April 2009.