Protesters surged into the streets of Bangkok Monday, closing major intersections and snarling traffic in an effort to force Thailand’s democratically-elected prime minister from office.
Markets were calm Monday, but Thailand’s benchmark stock index has plunged 14% over the past three months.
The Thai baht has plummeted to multi-year lows, dropping almost 5% against the U.S. dollar over the same period. Exports have contracted, and the tourism industry — which contributes about 7% or roughly $25 billion of the country’s GDP — has taken a hit.
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