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

International Monetary Fund

No 2021/097, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: vaccination plan; vaccine brand; pace of vaccination; Bank of Thailand 's Monetary Policy Committee; government's reopening plan; U.S. dollar; COVID-19; Trade balance; Tourism; Loans; Fiscal stimulus; Global (search for similar items in EconPapers)
Pages: 104
Date: 2021-06-03
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