Thailand: Staff Report for the 2015 Article IV Consultation

International Monetary Fund

No 2015/114, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that after a sharp contraction in the first quarter of 2014, Thailand’s economy experienced a modest recovery in subsequent quarters, to expand by 0.7 percent in the year as a whole. Inflation decelerated toward the end of 2014 and became negative in January 2015 owing to a sharp decline in oil prices. The recovery is expected to continue in 2015 with growth projected at 3.7 percent on account of some rebound in consumption, including from lower fuel prices, and in private investment as backlogs of project approvals have been largely cleared by various government agencies.

Keywords: ISCR; CR; headline inflation; fuel price reform; U.S. dollar; government; infrastructure investment program; Thai authorities; promotion strategy; inflation expectation; Inflation; Oil prices; Credit; Commercial banks; Global (search for similar items in EconPapers)
Pages: 77
Date: 2015-05-07
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