Thailand’s finance minister, appointed last month, resigns amid economic crisis

Women walk past a row of bank automatic teller machines in a commercial building in Bangkok today. The Thai economy could shrink by a record 8.5% this year, according to the finance ministry. – AFPPIXThailand's recently appointed finance minister, Predee Daochai, has resigned as the government struggles to pull Southeast Asia's second-largest economy out of a slump caused by the coronavirus pandemic.

Predee, 61, did not respond to telephone calls from Reuters, and it was not immediately known why he resigned. Thai media said he wanted to quit for health reasons.Earlier news that Predee had proffered his resignation prompted the stock market to fall as much as 0.9%, but it had recovered by the close to stand less than 0.4% down.

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