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Economy

Southeast Asia recovery at risk over inflation, China lockdowns

Thailand and Philippines downgrade GDP outlooks for the full year

Food vendors in Bangkok have raised prices due to the heavy inflation hitting Thailand.   © Reuters

BANGKOK -- Southeast Asian nations that once anticipated strong economic recoveries this year have revised their rosy predictions in the face of galloping inflation and rising COVID-19 cases in China.

Thailand and the Philippines both reported robust growth for the January-March quarter but expect slower-than previously anticipated GDP increases going forward. 

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