Thailand: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

May 31, 2017

Preview Citation

Format: Chicago

Thailand: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand, (USA: International Monetary Fund, 2017) accessed December 21, 2024

Summary

This 2017 Article IV Consultation highlights the Thai economy’s continued recovery in 2016. GDP growth reached 3.2 percent, driven mainly by exports of services and public investment. Amid subdued import growth and soaring tourism, the external current account strengthened further to 11.4 percent of GDP. Average headline inflation was 0.2 percent, below the tolerance band for the second year in a row, reflecting low energy prices and persistently weak core inflation. The recovery is expected to advance at a moderate pace in the near to medium term. Public investment should remain a key driver, rising over the next few years in line with the government’s infrastructure plans and crowding in private investment.

Subject: Commercial banks, Financial institutions, Financial sector policy and analysis, Financial sector stability, Inflation, Inflation targeting, Monetary policy, Prices, Public debt

Keywords: Average headline inflation, Commercial banks, Core inflation, CR, Financial sector stability, Global, Government efficiency, Headline inflation, Inflation, Inflation targeting, ISCR, Staff appraisal, Staff's projection, U.S. dollar

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/136
Stock No:

1THAEA2017001
ISBN:

9781484301814
ISSN:

1934-7685

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