Thailand: 2009 Article IV Consultation Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Thailand
August 20, 2009
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This 2009 Article IV Consultation highlights that Thailand has been in an investment slump since 2006. Political turmoil has led to reduced business confidence and slow private investment growth. The main engine of growth for the economy has been the export sector. The authorities have focused on fiscal measures to stimulate the economy since the second half of 2008. Executive Directors have welcomed the authorities’ fiscal stimulus plans, and underscored that timely and efficient implementation of these plans is critical at the current juncture.
Subject: Banking, Expenditure, External debt, Fiscal policy, Fiscal stimulus, Public debt, Public investment and public-private partnerships (PPP), Public investment spending
Keywords: accommodative fiscal policy, CR, credit growth, Fiscal stimulus, Global, investor confidence, ISCR, monetary policy, Public investment and public-private partnerships (PPP), Public investment spending, remainder financing, staff appraisal
Pages:
55
Volume:
2009
DOI:
Issue:
261
Series:
Country Report No. 2009/261
Stock No:
1THAEA2009007
ISBN:
9781451836929
ISSN:
1934-7685
