Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

June 3, 2021

Preview Citation

Format: Chicago

Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand, (USA: International Monetary Fund, 2021) accessed November 23, 2024

Summary

A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.

Subject: COVID-19, Economic sectors, Financial institutions, Fiscal policy, Fiscal stimulus, Health, International organization, International trade, Loans, Monetary policy, Tourism, Trade balance

Keywords: Bank of Thailand 's Monetary Policy Committee, COVID-19, Fiscal stimulus, Global, Government's reopening plan, Loans, Pace of vaccination, Tourism, Trade balance, U.S. dollar, Vaccination plan, Vaccine brand

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/097
Stock No:

1THAEA2021001
ISBN:

9781513573021
ISSN:

1934-7685

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