Thailand: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

International Monetary Fund

No 2025/045, IMF Staff Country Reports from International Monetary Fund

Abstract: Thailand’s cyclical recovery is underway, though it has yet to become broad-based. Growth is projected to accelerate moderately, reaching 2.7 percent in 2024 and 2.9 percent in 2025, supported by the rebound of tourism-related activities and fiscal stimulus. The slow recovery, weaker than in ASEAN peers, is rooted in Thailand’s longstanding structural weaknesses and emerging headwinds that also contribute to a muted inflation trajectory. Significant uncertainty in the external environment and downside risks cloud the outlook.

Keywords: inflation expectation; inflationtargeting monetary policy framework; supply and use tables; monetary policy analysis; Thai baht; Trade balance; Inflation; Credit; Global (search for similar items in EconPapers)
Pages: 111
Date: 2025-02-20
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