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

International Monetary Fund

No 2016/139, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; headline inflation; bond yield; core inflation; inflation expectation; government bond bond yield; policy space; Thai baht; policy issue; Inflation; Infrastructure; Exports; Commercial banks; Global (search for similar items in EconPapers)
Pages: 71
Date: 2016-06-07
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