Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
IMF Staff Country Reports, June 7, 2016
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- Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
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Bibliographic details
- Published: June 7, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484375662.002
Recent developments and outlook
- 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.
- Thailand remains resilient in the face of external and internal challenges.
- Political uncertainty and structural bottlenecks cloud long-term prospects.
Risks and vulnerabilities
- Political uncertainty is identified as a cloud on long-term prospects.
- Structural bottlenecks limit potential growth and resilience.
- Household debt at a historic high poses financial stability concerns.
- Below-target inflation environment prompting monetary easing.
Policy recommendations and priorities
- Implement high-quality fiscal stimulus to support demand and recovery.
- Ease monetary policy where appropriate to address below-target inflation and support activity.
- Safeguard financial sector stability to contain risks from high household debt.
- Policies aimed at strengthening long-term sustainability, equity, and efficiency of Thailand’s economy.
Key statistics and publication metadata
- Pages: 71
- Volume: 2016
- Issue: 139
- Series: Country Report No. 2016/139
- DOI: https://doi.org/10.5089/9781484375662.002
- Stock No: 1THAEA2016001
- ISBN: 9781484375662
- ISSN: 1934-7685
- Publication date on landing page: June 7, 2016
- 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
Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand