Thailand: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

International Monetary Fund

No 2024/035, IMF Staff Country Reports from International Monetary Fund

Abstract: Thailand’s economic recovery from the COVID-19 pandemic and multiple shocks in 2022 is continuing, amid elevated uncertainty. Growth is projected at 2.5 percent in 2023, broadly on par with 2022, while inflation is expected to remain well-within the authorities’ target range. Policies have gradually normalized to support growth and financial stability while protecting the population from the high inflation, but there is limited space to absorb new shocks. Heightened global uncertainty, with downside risks prevailing, puts an extra premium on prudent macroeconomic management.

Pages: 107
Date: 2024-01-30
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