{
  "title": "Thailand: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand",
  "publication": "IMF Staff Country Reports, January 30, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271",
  "overlayPath": "/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/index.md",
  "summary": "Thailand’s economic recovery from the COVID-19 pandemic and multiple shocks in 2022 is continuing, amid elevated uncertainty. Growth is projected at 2.5 percent in 2023, broadly on par with 2022, while inflation is expected to remain well-within the authorities’ target range.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Thailand’s economic recovery from the COVID-19 pandemic and multiple shocks in 2022 is continuing, amid elevated uncertainty.\n- Policies have gradually normalized to support growth and financial stability while protecting the population from the high inflation, but there is limited space to absorb new shocks.\n- Heightened global uncertainty, with downside risks prevailing, puts an extra premium on prudent macroeconomic management."
    },
    {
      "heading": "Key economic projections and indicators",
      "content": "- Growth is projected at 2.5 percent in 2023, broadly on par with 2022.\n- Inflation is expected to remain well-within the authorities’ target range."
    },
    {
      "heading": "Policy assessment and implications",
      "content": "- Macroeconomic policy stance has been moving toward normalization to support growth and financial stability.\n- Social protection and measures to shield the population from high inflation remain part of policy actions.\n- Limited fiscal and policy space implies reduced capacity to respond to additional adverse shocks."
    },
    {
      "heading": "Risks and recommended priorities",
      "content": "- Downside risks from heightened global uncertainty are emphasized.\n- Priority placed on prudent macroeconomic management to mitigate external and domestic shocks.\n\n---\n\n Content in this bundle\n\n- 1thaea2024001\n  - 1thaea2024001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1thaea2024001 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/bundle-manifest.json)",
    "Published: January 30, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400267499.002",
    "Thailand’s economic recovery from the COVID-19 pandemic and multiple shocks in 2022 is continuing, amid elevated uncertainty.",
    "Policies have gradually normalized to support growth and financial stability while protecting the population from the high inflation, but there is limited space to absorb new shocks.",
    "Heightened global uncertainty, with downside risks prevailing, puts an extra premium on prudent macroeconomic management.",
    "Growth is projected at 2.5 percent in 2023, broadly on par with 2022.",
    "Inflation is expected to remain well-within the authorities’ target range.",
    "Macroeconomic policy stance has been moving toward normalization to support growth and financial stability.",
    "Social protection and measures to shield the population from high inflation remain part of policy actions.",
    "Limited fiscal and policy space implies reduced capacity to respond to additional adverse shocks.",
    "Downside risks from heightened global uncertainty are emphasized.",
    "Priority placed on prudent macroeconomic management to mitigate external and domestic shocks.",
    "**1thaea2024001**"
  ],
  "related": [
    {
      "title": "1thaea2024001",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2024/english/1thaea2024001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2024/english/1thaea2024001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2024/english/1thaea2024001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/index.md",
    "json": "/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/index.json",
    "bundleManifest": "/en/publications/cr/issues/2024/01/29/thailand-2023-article-iv-consultation-press-release-staff-report-and-statement-by-the-544271/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-11T17:58:28.053Z"
}