Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

June 7, 2016

Preview Citation

Format: Chicago

Thailand: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand, (USA: International Monetary Fund, 2016) accessed December 24, 2024

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.

Subject: Commercial banks, Exports, Financial institutions, Inflation, Infrastructure, International trade, National accounts, Prices, Public debt

Keywords: Bond yield, Commercial banks, Core inflation, CR, Exports, Global, Government bond bond yield, Headline inflation, Inflation, Inflation expectation, Infrastructure, ISCR, Policy issue, Policy space, Thai baht

Publication Details

Pages:

71
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2016/139
Stock No:

1THAEA2016001
ISBN:

9781484375662
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports