{
  "title": "Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand",
  "publication": "IMF Staff Country Reports, June 3, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/06/02/thailand-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-50192",
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  "summary": "A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on househo",
  "sections": [
    {
      "heading": "Summary and Near-Term Outlook",
      "content": "- A nascent recovery is underway in Thailand following the COVID-19 downturn.\n- Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system.\n- Rigorous containment measures led to a successful flattening of the infection curve during most of 2020.\n- Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality."
    },
    {
      "heading": "Policy Response and Areas Covered",
      "content": "- Fiscal policy: multipronged fiscal measures to support households and businesses.\n- Monetary policy: actions by Bank of Thailand's Monetary Policy Committee (referenced among keywords).\n- Financial sector measures: policies to mitigate stress on financial institutions and maintain financial stability.\n- Public health measures: containment strategies and vaccination planning referenced (pace of vaccination; vaccination plan; vaccine brand).\n- External sector: tourism and trade balance highlighted as key channels affected by the shock.\n- Cross-cutting themes in the report: COVID-19, Economic sectors, Financial institutions, Fiscal policy, Fiscal stimulus, Health, International organization, International trade, Loans, Monetary policy, Tourism, Trade balance."
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- Bank of Thailand 's Monetary Policy Committee\n- COVID-19\n- Fiscal stimulus\n- Global\n- government's reopening plan\n- Loans\n- pace of vaccination\n- Tourism\n- Trade balance\n- U.S. dollar\n- vaccination plan\n- vaccine brand\n\nInternational Monetary Fund. Asia and Pacific Dept \"Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand\", IMF Staff Country Reports 2021, 097 (2021).\n\n---\n\n Content in this bundle\n\n- 1thaea2021001\n  - 1thaea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1thaea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 3, 2021",
    "Series: IMF Staff Country Reports",
    "A nascent recovery is underway in Thailand following the COVID-19 downturn.",
    "Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system.",
    "Rigorous containment measures led to a successful flattening of the infection curve during most of 2020.",
    "Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.",
    "Financial sector measures: policies to mitigate stress on financial institutions and maintain financial stability.",
    "Public health measures: containment strategies and vaccination planning referenced (pace of vaccination; vaccination plan; vaccine brand).",
    "External sector: tourism and trade balance highlighted as key channels affected by the shock.",
    "Cross-cutting themes in the report: COVID-19, Economic sectors, Financial institutions, Fiscal policy, Fiscal stimulus, Health, International organization, International trade, Loans, Monetary policy, Tourism, Trade balance.",
    "Bank of Thailand 's Monetary Policy Committee",
    "Global",
    "government's reopening plan",
    "pace of vaccination",
    "U.S. dollar",
    "vaccination plan",
    "vaccine brand",
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