Thailand Economic Monitor, June 2016 : Aging Society and Economy
The Thai economy shows signs of a nascent recovery but faces challenges on the path toward a broad-based and sustained recovery. The Thai economy accelerated to 2.8 percent in 2015, compared to 0.9 percent in 2014, partly on the basis of government...
| Main Authors: | , , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Bangkok
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26605601/thailand-economic-monitor-aging-society-economy-june-2016 http://hdl.handle.net/10986/24940 |
| Summary: | The Thai economy shows signs of a
nascent recovery but faces challenges on the path toward a
broad-based and sustained recovery. The Thai economy
accelerated to 2.8 percent in 2015, compared to 0.9 percent
in 2014, partly on the basis of government consumption and
investment, and partly on declining imports. Tourism and
private consumption have mildly recovered, whereas
merchandise exports dropped in the last quarter of 2015.
Economic growth is expected to moderate to 2.5 percent in
2016 primarily due to sluggish exports of goods and private
investment amid a slowing and difficult global environment.
Fiscal stimulus and tourism receipts will remain key drivers
of growth in 2016. Poverty rates are expected to fall at a
slower rate, with poor households concentrated in rural
areas affected by falling agricultural prices. Downside
risks to economic growth include a hard landing in China
accompanied by global financial turmoil as well as
heightened domestic political uncertainty. Nevertheless,
ample fiscal and monetary buffers, a sound financial sector
and strong fundamentals will help Thailand weather shocks. |
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