Thailand Economic Monitor, December 2012

The Thai economy in 2012 rebounded from the severe floods but continues to be affected by the slowdown in the global economy. Real GDP in 2012 is projected to grow by 4.7 percent supported by the rebound in household consumption and greater investm...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCREDITATION AGRICULTURAL COOPERATIVE AGRICULTURAL COOPERATIVES AGRICULTURAL ECONOMICS AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR ANTI-MONEY LAUNDERING BALANCE SHEETS BANK OFFICE BANKING CRISES BANKING INDUSTRY BANKING SECTOR BASIS POINTS BIASES BIDS BONDS BORROWING BUDGET DEFICIT BUDGETING BUSINESS ACTIVITIES BUSINESS ENVIRONMENT CAPACITY CONSTRAINTS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL INFLOWS CASH TRANSFER CASH TRANSFERS CC CENTRAL GOVERNMENT DEBT CERTIFICATION SYSTEMS CHAMBER OF COMMERCE COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICES CONSUMER GOODS CONSUMER LOANS CONTINGENT LIABILITIES CROP INSURANCE CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNTS DEBT LEVEL DEBTS DEPOSIT DEPOSIT RATES DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DISADVANTAGED COMMUNITIES DISBURSEMENT DIVERSIFICATION DOLLAR VALUE EARLY CHILDHOOD EARNINGS ECONOMIC ACTIVITIES ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EDUCATION DEVELOPMENT EDUCATION SYSTEM EDUCATION SYSTEMS EDUCATIONAL LEVEL EMERGING MARKETS EMPLOYER EMPLOYERS EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT ENROLLMENT ENROLLMENTS ENTREPRENEURSHIP OPPORTUNITIES ENTREPRENEURSHIP TRAINING EQUIPMENT EQUIPMENTS EQUITY STAKE EXCHANGE RATE EXCLUSION EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT MARKETS EXPORTERS FAMILIES FARMER FARMERS FARMING HOUSEHOLD FARMING HOUSEHOLDS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL TRANSACTION FISCAL POLICY FIXED CAPITAL FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN FUND FOREIGN INVESTMENT FUND MANAGERS GLOBAL ECONOMIC PROSPECT GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GOVERNMENT BUDGET GOVERNMENT POLICIES GOVERNMENT POLICY GROSS DOMESTIC PRODUCT GROWTH RATE HOLDING HUMAN CAPITAL HUMAN DEVELOPMENT INCOME GROUP INCOME GROUPS INCOME INEQUALITY INCOME TAX INCOME TAX EXEMPTION INCOMES INEQUALITIES INFLATION INFLATION RATES INFORMAL WORKERS INFORMATION CONSTRAINTS INFORMATION SYSTEMS INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE INDUSTRY INSURANCE MARKET INSURANCE PREMIUM INSURERS INTEREST COSTS INTEREST PAYMENTS INTEREST RATES INTERNATIONAL MARKET INTERNATIONAL STANDARDS INVESTING INVESTMENT CLIMATE INVESTMENT LOAN INVESTMENT PROJECTS ISLAMIC BANK JOB CREATION KEY CHALLENGE LABOR FORCE SURVEY LABOR MARKET LABOR MOBILITY LAND REFORM LIFE INSURANCE LIQUIDITY LIQUIDITY POSITIONS LIVING STANDARDS LONG TERM DEBT MANUFACTURING INDUSTRIES MARKET CAPITALIZATION MARKET DEVELOPMENTS MARKET INFORMATION MARKET PRICE MARKET PRICES MARKET SHARE MINIMUM WAGE MINIMUM WAGES MONETARY POLICY NATURAL DISASTER NATURAL DISASTERS NET CAPITAL NON-PERFORMING LOANS NPL NUTRITION OIL PRICE OIL PRICES OPERATING COST OPPORTUNITIES FOR WOMEN OUTPUTS PENSION PENSIONS PERSONAL INCOME POVERTY ALLEVIATION PRICE INSURANCE PRIVATE INVESTMENT PRIVATE INVESTMENTS PUBLIC DEBT PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING RECEIPT RECEIPTS REGULATOR REGULATORY FRAMEWORK REPAYMENT RETURN RETURN ON ASSET RETURN ON ASSETS RETURNS RISK MITIGATION SKILLED WORKERS SKILLS SHORTAGES SOCIAL DEVELOPMENT SOCIAL PROTECTION STOCK EXCHANGE STOCKS SUPPLY CHAIN TAX TAX RATE TERRORISM TOTAL DEBT TRADE BALANCE TRADING TRADING VOLUME TRAINING CENTERS TRANSACTION TRANSACTIONS COSTS TRANSPARENCY TURNOVER UNEMPLOYMENT UNION VOLATILITIES VOUCHERS VULNERABLE GROUPS WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/852491468308958160/Thailand-economic-monitor-December-2012 http://hdl.handle.net/10986/27085

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Summary:	The Thai economy in 2012 rebounded from the severe floods but continues to be affected by the slowdown in the global economy. Real GDP in 2012 is projected to grow by 4.7 percent supported by the rebound in household consumption and greater investments by both the private and public sectors as part of flood rehabilitation and the government s consumption-stimulating measures. The economy is projected to grow by 5 percent in 2013 as manufacturing production fully recovers and the global economy sees a modest recovery. Exports in 2013 are therefore expected to grow by 5.5 percent compared to only 3.6 percent in 2012. Budget deficit will be 2.5 percent of GDP for FY2013 plus additional off-budget spending for water resource management projects in FY2013. Public debt is estimated to be close to 50 percent of GDP in 2013. The paddy pledging scheme is estimated to cost around 3.5 percent of GDP each year, while the actual losses will be realized once the rice stocks are sold. The minimum wages have been raised by 40 percent nation-wide in 2012 and will be raised to a uniform rate of THB300 per day. Developing higher skills is imperative for higher incomes, living standards, and for Thailand to grow sustainably and inclusively. Thailand can do better in enabling the poor and vulnerable groups to participate in productive economic activities by pursuing a coordinated approach between universal and targeted social policy.

Thailand Economic Monitor, December 2012

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