Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
June 7, 2016
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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
Pages:
71
Volume:
2016
DOI:
Issue:
139
Series:
Country Report No. 2016/139
Stock No:
1THAEA2016001
ISBN:
9781484375662
ISSN:
1934-7685
