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Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 097
Language:
English
Publication Date:
03 Jun 2021
DOI:
https://doi.org/10.5089/9781513573021.002
ISBN:
9781513573021
ISSN:
1934-7685
Pages:
104
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund