Publication:
Thailand Monthly Economic Monitor, 17 January 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-01-22T20:56:33Z
dc.date.available2024-01-22T20:56:33Z
dc.date.issued2024-01-22
dc.description.abstractThe economy sustained its gradual recovery, buoyed by strong private consumption and improving goods exports but hampered by contracting manufacturing production. The economy is projected to grow 2.5 percent in 2023 and accelerate to 3.2 percent in 2024. Inflation remained negative for the third consecutive month and stayed well below peers, primarily due to falling energy and food prices as well as energy subsidies. The marginal increase in the minimum wage for 2024 is unlikely to exert significant pressure on inflation. The planned fiscal stimulus measures are expected to provide a short-term boost to growth but will delay fiscal consolidation. In December, the Thai baht appreciated against major trading partners, although net foreign portfolio outflows were the largest in three months.en
dc.identifierhttp://documents.worldbank.org/curated/en/099812001172423578/IDU16f9386a81c58a1414e190ee1407c710b437c
dc.identifier.doi10.1596/40942
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40942
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.relation.ispartofseriesThailand Economic Monitor
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectMONTHLY ECONOMIC FORECAST
dc.subjectECONOMIC INDICATORS
dc.subjectMONETARY POLICY
dc.subjectENERGY SUBSIDY
dc.titleThailand Monthly Economic Monitor, 17 January 2024en
dc.typeBrief
dspace.entity.typePublication
okr.crossref.titleThailand Monthly Economic Monitor: 17 January 2024
okr.date.disclosure2024-01-17
okr.date.lastmodified2024-01-17T00:00:00Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099812001172423578/IDU16f9386a81c58a1414e190ee1407c710b437c
okr.guid099812001172423578
okr.identifier.docmidIDU-6f9386a8-c58a-414e-90ee-407c710b437c
okr.identifier.doihttp://dx.doi.org/10.1596/40942
okr.identifier.externaldocumentum34240480
okr.identifier.internaldocumentum34240480
okr.identifier.report187027
okr.import.id2962
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099812001172423578/pdf/IDU16f9386a81c58a1414e190ee1407c710b437c.pdfen
okr.region.countryThailand
okr.region.geographicalEast Asia and Pacific
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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