Publication:
Thailand Monthly Economic Monitor, May 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-05-16T15:46:41Z
dc.date.available2024-05-16T15:46:41Z
dc.date.issued2024-05-16
dc.description.abstractThe economy slowed more than expected due to sluggish external demand and delayed budget approval. Expanding private consumption and tourism continued to drive services growth, albeit at a slower pace. Inflation increased due to the removal of energy subsidies and elevated food prices but remained the lowest among emerging markets. The delayed budget approval led to minimal public spending in Q1. However, the recent enactment of the FY24 budget and the upcoming rollout of the Digital Wallet cash transfer in Q4 buoyed the near-term growth outlook. Despite a current account surplus, the Thai baht depreciated in April due to a delay to the Fed’s easing cycle and concerns over the Thai economy and the fiscal implications of the Digital Wallet.en
dc.identifierhttp://documents.worldbank.org/curated/en/099516305132430670/IDU182057b1d1d13d14d531a260172f30fb703c1
dc.identifier.doi10.1596/41552
dc.identifier.urihttps://hdl.handle.net/10986/41552
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 DIAGNOSTICS
dc.subjectECONOMIC GROWTH
dc.subjectFISCAL CONSOLIDATION
dc.subjectECONOMIC GROWTH POLICY
dc.subjectDIGITAL FINANCE
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleThailand Monthly Economic Monitor, May 2024en
dc.typeBrief
dspace.entity.typePublication
okr.crossref.titleThailand Monthly Economic Monitor, May 2024
okr.date.disclosure2024-05-16
okr.date.lastmodified2024-05-14T00:00:00Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099516305132430670/IDU182057b1d1d13d14d531a260172f30fb703c1
okr.guid099516305132430670
okr.identifier.docmidIDU-82057b1d-d13d-4d53-a260-72f30fb703c1
okr.identifier.doihttps://doi.org/10.1596/41552
okr.identifier.externaldocumentum34317411
okr.identifier.internaldocumentum34317411
okr.identifier.report190150
okr.import.id4168
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099516305132430670/pdf/IDU182057b1d1d13d14d531a260172f30fb703c1.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryThailand
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Modeling and Statistics
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicMacroeconomics and Economic Growth::Consumption
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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