IMF Staff Country Reports

Thailand: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

February 20, 2025

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International Monetary Fund. Asia and Pacific Dept "Thailand: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand", IMF Staff Country Reports 2025, 045 (2025), accessed April 1, 2025, https://doi.org/10.5089/9798229000741.002

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Summary

Thailand’s cyclical recovery is underway, though it has yet to become broad-based. 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. The slow recovery, weaker than in ASEAN peers, is rooted in Thailand’s longstanding structural weaknesses and emerging headwinds that also contribute to a muted inflation trajectory. Significant uncertainty in the external environment and downside risks cloud the outlook.

Subject: Credit, Inflation, International trade, Money, Prices, Public debt, Trade balance

Keywords: Credit, Global, Inflation, Inflation expectation, Inflationtargeting monetary policy framework, Monetary policy analysis, Supply and use tables, Thai baht, Trade balance

Publication Details

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