Publication:
Thailand Monthly Economic Monitor, October 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-12-24T16:04:28Z
dc.date.available2024-12-24T16:04:28Z
dc.date.issued2024-12-24
dc.description.abstractThe economy decelerated slightly. Manufacturing and private consumption weakened while exports and tourism continued to support growth. Growth is projected to accelerate to 2.4 percent in 2024, with further improvement expected in the second half of the year driven by increased budget execution and goods exports. Despite low government investment disbursement, the THB 10,000 cash handouts for low-income households may stimulate growth. However, flooding poses downside risks to growth and may add to price pressure. Inflation edged up due to fresh food and core inflation. The Thai baht appreciated due to expectations of a Federal Reserve easing cycle and a current account surplus. The Bank of Thailand (BOT) unexpectedly lowered the policy rate by 25 basis points to 2.25 percent.en
dc.identifierhttp://documents.worldbank.org/curated/en/099045010222431296/IDU1d8a05f4819ef61419f19cd51c9aeafc98be0
dc.identifier.doi10.1596/42584
dc.identifier.doihttps://doi.org/10.1596/42584
dc.identifier.urihttps://hdl.handle.net/10986/42584
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
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.subjectINDUSTRY
dc.subjectMANUFACTURING AND PRIVATE CONSUMPTION
dc.subjectEXPORTS AND TOURISM
dc.subjectFLOODING RISKS
dc.titleThailand Monthly Economic Monitor, October 2024en
dc.typeBrief
dspace.entity.typePublication
okr.date.disclosure2024-12-24
okr.date.doiregistration2025-04-14T12:02:18.614541Z
okr.date.lastmodified2024-11-27T00:00:00Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099045010222431296/IDU1d8a05f4819ef61419f19cd51c9aeafc98be0
okr.guid099045010222431296
okr.identifier.docmidIDU-d8a05f48-9ef6-419f-9cd5-c9aeafc98be0
okr.identifier.externaldocumentum34409310
okr.identifier.internaldocumentum34409310
okr.identifier.report194240
okr.import.id6144
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099045010222431296/pdf/IDU1d8a05f4819ef61419f19cd51c9aeafc98be0.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryThailand
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPrivate Sector Development
okr.topicPublic Sector Development
okr.topicInternational Economics and Trade::Export Competitiveness
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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