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...

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Main Authors:	Ariyapruchya, Kiatipong, Sanchez Martin, Miguel Eduardo, Reungsri, Thanapat, Luo, Xubei
Format:	Report
Language:	English en_US
Published:	World Bank, Bangkok 2016
Subjects:	economic outlook economic growth demographics pensions state-owned enterprises governance
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

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recordtype	oai_dc
spelling	okr-10986-249402021-05-25T08:50:59Z Thailand Economic Monitor, June 2016 : Aging Society and Economy Ariyapruchya, Kiatipong Sanchez Martin, Miguel Eduardo Reungsri, Thanapat Luo, Xubei economic outlook economic growth demographics pensions state-owned enterprises governance 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. 2016-08-25T18:34:46Z 2016-08-25T18:34:46Z 2016-06-01 Report http://documents.worldbank.org/curated/en/2016/07/26605601/thailand-economic-monitor-aging-society-economy-june-2016 http://hdl.handle.net/10986/24940 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Bangkok Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Thailand
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	economic outlook economic growth demographics pensions state-owned enterprises governance
spellingShingle	economic outlook economic growth demographics pensions state-owned enterprises governance Ariyapruchya, Kiatipong Sanchez Martin, Miguel Eduardo Reungsri, Thanapat Luo, Xubei Thailand Economic Monitor, June 2016 : Aging Society and Economy
geographic_facet	East Asia and Pacific Thailand
description	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.
format	Report
author	Ariyapruchya, Kiatipong Sanchez Martin, Miguel Eduardo Reungsri, Thanapat Luo, Xubei
author_facet	Ariyapruchya, Kiatipong Sanchez Martin, Miguel Eduardo Reungsri, Thanapat Luo, Xubei
author_sort	Ariyapruchya, Kiatipong
title	Thailand Economic Monitor, June 2016 : Aging Society and Economy
title_short	Thailand Economic Monitor, June 2016 : Aging Society and Economy
title_full	Thailand Economic Monitor, June 2016 : Aging Society and Economy
title_fullStr	Thailand Economic Monitor, June 2016 : Aging Society and Economy
title_full_unstemmed	Thailand Economic Monitor, June 2016 : Aging Society and Economy
title_sort	thailand economic monitor, june 2016 : aging society and economy
publisher	World Bank, Bangkok
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/07/26605601/thailand-economic-monitor-aging-society-economy-june-2016 http://hdl.handle.net/10986/24940
_version_	1764458023165624320

Thailand Economic Monitor, June 2016 : Aging Society and Economy

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