Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

June 7, 2016

Preview Citation

Format: Chicago

Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

This paper discusses recent developments, outlook and risk, and policies required for a long-lasting recovery of Thailand’s economy. Thailand remains resilient in the face of external and internal challenges. However, political uncertainty and structural bottlenecks cloud long-term prospects. The economy recovered in 2015 after a slowdown induced by political uncertainty. Public investment supported economic activity, particularly through community-based infrastructure projects. Monetary policy was eased in the face of below-target inflation. The credit cycle moderated, but household debt reached a historic high. Implementing high-quality fiscal stimulus, easing monetary policy, and safeguarding financial sector stability can strengthen long-term sustainability, equity, and efficiency of Thailand’s economy.

Subject: Commercial banks, Exports, Financial institutions, Inflation, Infrastructure, International trade, National accounts, Prices, Public debt

Keywords: Bond yield, Commercial banks, Core inflation, CR, Exports, Global, Government bond bond yield, Headline inflation, Inflation, Inflation expectation, Infrastructure, ISCR, Policy issue, Policy space, Thai baht

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/139
Stock No:

1THAEA2016001
ISBN:

9781484375662
ISSN:

1934-7685

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