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Summary Thailand's economy shrank in the second quarter as manufacturing slumped due to parts shortages.
The shortage is being termed the aftermath of the tsunami disaster in Japan.The government said Monday that Southeast Asias second-largest economy contracted 0.2 percent in the April to June quarter from the previous quarter.The March 11 earthquake and tsunami in Japan destroyed auto parts suppliers on its northeastern coast, causing disruptions for car makers worldwide.Thailand is a Southeast Asian production base for automakers such as Toyota Motor Corp. and General Motors Co. Passenger car production fell 1.5 percent in the second quarter.Second quarter GDP increased 2.6 percent compared with a year earlier, slowing from 3.2 percent growth in the first quarter.
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