Publication: Thailand Economic Monitor, January 2020: Productivity for Prosperity

Thumbnail Image
Files in English
English PDF (6.28 MB)
418 downloads

English Text (283.4 KB)
45 downloads
Other Files
language.th.label PDF (2.01 MB)
564 downloads
Date
2020-01-18
ISSN
Published
2020-01-18
Author(s)
World Bank Group
Abstract
Thailand’s economic growth slowed to 2.4 percent in Q3 2019, driven by cyclical factors, notably weak external demand and heightened global uncertainty. The downturn has also exposed structural constraints, which is reflected in the sluggish growth of public and private investments. TheGovernment has responded swiftly to the growth slowdown, through accommodative monetary policies and countercyclical fiscal stimulus. Going forward, additional policies to enhance the effectiveness of the stimulus, with a focus on implementing major public investment projects andimproving the efficiency of public investment management could maximize the growth impact. In the long term, structural reforms such as enhancing competition in the domestic economy, increasing openness, and promoting an eco-system for firm innovation in order can boost productivity.
Citation
World Bank Group. 2020. Thailand Economic Monitor, January 2020: Productivity for Prosperity. © World Bank, Bangkok. http://hdl.handle.net/10986/33196 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations