{
  "title": "Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand",
  "publication": "IMF Staff Country Reports, June 7, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/thailand-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-43935",
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  "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.",
  "publishDate": "2016-06-07",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Recent developments and outlook",
      "content": "- The economy recovered in 2015 after a slowdown induced by political uncertainty.\n- Public investment supported economic activity, particularly through community-based infrastructure projects.\n- Monetary policy was eased in the face of below-target inflation.\n- The credit cycle moderated, but household debt reached a historic high.\n- Thailand remains resilient in the face of external and internal challenges.\n- Political uncertainty and structural bottlenecks cloud long-term prospects."
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Political uncertainty is identified as a cloud on long-term prospects.\n- Structural bottlenecks limit potential growth and resilience.\n- Household debt at a historic high poses financial stability concerns.\n- Below-target inflation environment prompting monetary easing."
    },
    {
      "heading": "Policy recommendations and priorities",
      "content": "- Implement high-quality fiscal stimulus to support demand and recovery.\n- Ease monetary policy where appropriate to address below-target inflation and support activity.\n- Safeguard financial sector stability to contain risks from high household debt.\n- Policies aimed at strengthening long-term sustainability, equity, and efficiency of Thailand’s economy."
    },
    {
      "heading": "Key statistics and publication metadata",
      "content": "- Pages: 71\n- Volume: 2016\n- Issue: 139\n- Series: Country Report No. 2016/139\n- DOI: https://doi.org/10.5089/9781484375662.002\n- Stock No: 1THAEA2016001\n- ISBN: 9781484375662\n- ISSN: 1934-7685\n- Publication date on landing page: June 7, 2016\n- Subject: Commercial banks, Exports, Financial institutions, Inflation, Infrastructure, International trade, National accounts, Prices, Public debt\n- 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\n\nThailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand\n\n---\n\n Content in this bundle\n\n- cr16139\n  - cr16139 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16139 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/thailand-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-43935"
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    "Published: June 7, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484375662.002",
    "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.",
    "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.",
    "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.",
    "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",
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