Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
Electronic Access:
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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. 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. Implementing high-quality fiscal stimulus, easing monetary policy, and safeguarding financial sector stability can strengthen long-term sustainability, equity, and efficiency of Thailand’s economy.
Series:
Country Report No. 2016/139
Subject:
Commercial banks Exports Financial institutions Inflation Infrastructure International trade National accounts Prices Public debt
English
Publication Date:
June 7, 2016
ISBN/ISSN:
9781484375662/1934-7685
Stock No:
1THAEA2016001
Pages:
71
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