{
  "title": "Thailand: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand",
  "publication": "IMF Staff Country Reports, June 4, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/04/thailand-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45928",
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  "summary": "This 2018 Article IV Consultation highlights that a cyclical recovery is under way in Thailand but has yet to become broad based. GDP growth is estimated at 3.9 percent in 2017, boosted by strong tourism services and manufacturing exports.",
  "sections": [
    {
      "heading": "Key findings: growth and demand",
      "content": "- GDP growth is estimated at 3.9 percent in 2017, boosted by strong tourism services and manufacturing exports.\n- A cyclical recovery is under way but has yet to become broad based.\n- Domestic demand remained sluggish amid structural challenges.\n- Export gains failed to trickle down to household incomes and investments in other sectors."
    },
    {
      "heading": "Prices and inflation",
      "content": "- Headline inflation averaged 0.7 percent in 2017, below the target band for the third year in a row.\n- Low food prices and weak core inflation are cited as drivers of the low headline inflation."
    },
    {
      "heading": "External sector",
      "content": "- The current account surplus remained large, at about 10.6 percent of GDP."
    },
    {
      "heading": "Financial sector and stability",
      "content": "- Financial system stability continued to strengthen."
    },
    {
      "heading": "Outlook and near-term projections",
      "content": "- The growth momentum is expected to continue in 2018 and 2019, supported by sustained export dynamism."
    },
    {
      "heading": "Thematic policy areas covered",
      "content": "- Expenditure\n- Financial sector policy and analysis\n- Financial sector stability\n- Inflation and inflation targeting\n- Monetary policy\n- Prices\n- Public investment and public-private partnerships (PPP)\n- Public investment spending\n\nInternational Monetary Fund. Thailand: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand (June 4, 2018).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2018/06/04/thailand-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45928/index.md)",
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    "Published: June 4, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484359112.002",
    "GDP growth is estimated at 3.9 percent in 2017, boosted by strong tourism services and manufacturing exports.",
    "A cyclical recovery is under way but has yet to become broad based.",
    "Domestic demand remained sluggish amid structural challenges.",
    "Export gains failed to trickle down to household incomes and investments in other sectors.",
    "Headline inflation averaged 0.7 percent in 2017, below the target band for the third year in a row.",
    "Low food prices and weak core inflation are cited as drivers of the low headline inflation.",
    "The current account surplus remained large, at about 10.6 percent of GDP.",
    "Financial system stability continued to strengthen.",
    "The growth momentum is expected to continue in 2018 and 2019, supported by sustained export dynamism.",
    "**Country Report**"
  ],
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      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2018/cr18143.pdf",
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