{
  "title": "Thailand: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand",
  "publication": "IMF Staff Country Reports, February 20, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2025/02/20/thailand-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-562284",
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  "summary": "The 2024 Article IV Consultation discusses that Thailand’s economy is gradually recovering, but at a slower pace than peers. Growth is projected to accelerate moderately, reaching 2.7 percent in 2024 and 2.9 percent in 2025, supported by the rebound of tourism-related activities and fiscal stimulus.",
  "publishDate": "2025-02-20",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macro outlook and growth projections",
      "content": "- Thailand’s economy is gradually recovering, but at a slower pace than peers.\n- Growth is projected to accelerate moderately, reaching 2.7 percent in 2024 and 2.9 percent in 2025.\n- Recovery is supported by the rebound of tourism-related activities and fiscal stimulus."
    },
    {
      "heading": "Monetary policy and financial stability",
      "content": "- A further reduction in the policy rate would support the ongoing recovery.\n- Lowering the policy rate is expected to translate into improvements in borrowers’ debt-servicing capacity.\n- There is little risk of additional leverage amid tightened lending."
    },
    {
      "heading": "Fiscal policy and near-term mix",
      "content": "- A well-coordinated near-term policy mix and structural reforms would help firmly entrench the recovery.\n- Fiscal stimulus is identified as a supporting factor for the projected growth acceleration."
    },
    {
      "heading": "Structural reforms and medium-term prospects",
      "content": "- Resolute reforms to boost productivity and competitiveness are necessary to reverse the downward trend in potential growth.\n- Structural reforms combined with policy coordination would help boost potential growth and inclusiveness over the longer term."
    },
    {
      "heading": "Social protection and household resilience",
      "content": "- Providing an adequate social protection floor to vulnerable households could help enhance their resilience to shocks.\n- Strengthening social protection could address structural drivers of household debt accumulation.\n\nSource: Thailand: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand (February 20, 2025).\n\n---\n\n Content in this bundle\n\n- 1thaea2025001-print-pdf\n  - 1thaea2025001-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1thaea2025001-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2025/02/20/thailand-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-562284"
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    "Published: February 20, 2025",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229000741.002",
    "Thailand’s economy is gradually recovering, but at a slower pace than peers.",
    "Growth is projected to accelerate moderately, reaching 2.7 percent in 2024 and 2.9 percent in 2025.",
    "Recovery is supported by the rebound of tourism-related activities and fiscal stimulus.",
    "A further reduction in the policy rate would support the ongoing recovery.",
    "Lowering the policy rate is expected to translate into improvements in borrowers’ debt-servicing capacity.",
    "There is little risk of additional leverage amid tightened lending.",
    "A well-coordinated near-term policy mix and structural reforms would help firmly entrench the recovery.",
    "Fiscal stimulus is identified as a supporting factor for the projected growth acceleration.",
    "Resolute reforms to boost productivity and competitiveness are necessary to reverse the downward trend in potential growth.",
    "Structural reforms combined with policy coordination would help boost potential growth and inclusiveness over the longer term.",
    "Providing an adequate social protection floor to vulnerable households could help enhance their resilience to shocks.",
    "Strengthening social protection could address structural drivers of household debt accumulation.",
    "**1thaea2025001-print-pdf**"
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