Thailand Economic Monitor 2016 : Services as a New Driver of Growth

Economic growth is expected to attain 3.1 percent in both 2016 and 3.2 percent in 2017 accelerating from 2.8 percent last year with private consumption and public investment as key drivers as consumer sentiment recovers, households deleverage and large public infrastructure projects are implemented....

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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Bangkok 2019
Subjects:
Online Access:http://documents.worldbank.org/curated/en/560621548324489441/Thailand-Economic-Monitor-2016-Services-as-a-New-Driver-of-Growth
http://hdl.handle.net/10986/31239
id okr-10986-31239
recordtype oai_dc
spelling okr-10986-312392021-05-25T09:21:29Z Thailand Economic Monitor 2016 : Services as a New Driver of Growth World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK SERVICES SECTOR BUSINESS ENVIRONMENT Economic growth is expected to attain 3.1 percent in both 2016 and 3.2 percent in 2017 accelerating from 2.8 percent last year with private consumption and public investment as key drivers as consumer sentiment recovers, households deleverage and large public infrastructure projects are implemented. The Thai economy decelerated to 3.2 percent in 2016Q3 compared to 3.5 percent in Q2 as public spending, private investment and private consumption slowed. A frm recovery has yet to take hold amid a slowdown in domestic demand in 2016Q3. Major drivers of growth associated with economic recovery such as private consumption and private investment have yet to show a broad-based and sustained expansion. Public spending and private consumption are projected to underpin growth in 2017 with headwinds from more uncertain global economic prospects. Continued commitment to implementing structural reforms is critical to raising the long-term growth path. 2019-02-08T16:32:54Z 2019-02-08T16:32:54Z 2016-12-31 Report http://documents.worldbank.org/curated/en/560621548324489441/Thailand-Economic-Monitor-2016-Services-as-a-New-Driver-of-Growth http://hdl.handle.net/10986/31239 English 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
topic ECONOMIC GROWTH
ECONOMIC OUTLOOK
SERVICES SECTOR
BUSINESS ENVIRONMENT
spellingShingle ECONOMIC GROWTH
ECONOMIC OUTLOOK
SERVICES SECTOR
BUSINESS ENVIRONMENT
World Bank Group
Thailand Economic Monitor 2016 : Services as a New Driver of Growth
geographic_facet East Asia and Pacific
Thailand
description Economic growth is expected to attain 3.1 percent in both 2016 and 3.2 percent in 2017 accelerating from 2.8 percent last year with private consumption and public investment as key drivers as consumer sentiment recovers, households deleverage and large public infrastructure projects are implemented. The Thai economy decelerated to 3.2 percent in 2016Q3 compared to 3.5 percent in Q2 as public spending, private investment and private consumption slowed. A frm recovery has yet to take hold amid a slowdown in domestic demand in 2016Q3. Major drivers of growth associated with economic recovery such as private consumption and private investment have yet to show a broad-based and sustained expansion. Public spending and private consumption are projected to underpin growth in 2017 with headwinds from more uncertain global economic prospects. Continued commitment to implementing structural reforms is critical to raising the long-term growth path.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Thailand Economic Monitor 2016 : Services as a New Driver of Growth
title_short Thailand Economic Monitor 2016 : Services as a New Driver of Growth
title_full Thailand Economic Monitor 2016 : Services as a New Driver of Growth
title_fullStr Thailand Economic Monitor 2016 : Services as a New Driver of Growth
title_full_unstemmed Thailand Economic Monitor 2016 : Services as a New Driver of Growth
title_sort thailand economic monitor 2016 : services as a new driver of growth
publisher World Bank, Bangkok
publishDate 2019
url http://documents.worldbank.org/curated/en/560621548324489441/Thailand-Economic-Monitor-2016-Services-as-a-New-Driver-of-Growth
http://hdl.handle.net/10986/31239
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