Thailand: Selected Issues

International Monetary Fund

No 2016/140, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses selected issues related to the economy of Thailand. The economy of Thailand is largely dependent on China. A 1 percent decline in China’s GDP lowers Thailand’s output by about 0.2 percent. Population aging is another major issue in Thailand. This Association of Southeast Asian Nations country will face the dual challenge of increasing the coverage of the social security system and ensuring its long-term sustainability. Thailand’s financial sector has expanded rapidly over the last decade, and important changes in its structure have taken place. While corporate debt has remained broadly stable, household debt has increased to one of the highest levels among emerging markets, raising concerns about household debt overhang.

Keywords: ISCR; CR; Thailand; China; GDP; Other Asean-5 Countries; household debt; China shock; dependency ratio; public health expenditure; wage cap; employees of state enterprises; Pensions; Pension spending; Aging; Exports; Commercial banks; Global (search for similar items in EconPapers)
Pages: 36
Date: 2016-06-07
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Citations: View citations in EconPapers (1)

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