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Thailand: 2022 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 2022: Issue 300
Language:
English
Publication Date:
16 Sep 2022
DOI:
https://doi.org/10.5089/9798400218583.002
ISBN:
9798400218583
ISSN:
1934-7685
Pages:
93
Keywords:
net portfolio inflow; inflation expectation; Medium-term government bond bond yield; inflation dynamics; monetary policy committee meeting; Inflation; Trade balance; COVID-19; Fiscal stance; Global
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Thailand’s economy is recovering from an unprecedented crisis emanating from multiple waves of the COVID-19 pandemic. Ample policy space has allowed a swift and bold policy response and vaccine rollout has accelerated. However, the recovery is weak and uneven across sectors, with inflation rapidly rising driven by energy prices. Downside risks dominate the outlook, sharpening policy tradeoffs. The pandemic has also brought to the fore the urgency for Thailand to identify new growth drivers to reverse the pre-pandemic trend of declining productivity growth and meet the challenges of the post-pandemic world.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund