Publication:
Thailand Monthly Economic Monitor: 29 August, 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-09-03T13:51:59Z
dc.date.available2024-09-03T13:51:59Z
dc.date.issued2024-09-03
dc.description.abstractGrowth accelerated in Q2 to 2.3 percent, slightly above expectations, but the recovery continued to lag ASEAN peers. In June, data indicated a subdued recovery, with activity slowing and consumer confidence declining amid heightened political uncertainty. While manufacturing growth expanded modestly for the full quarter, June activity data shows a renewed decline, and the growth in tourist arrivals slowed. The trade deficit persisted, driven by lagging export recovery and rising imports, particularly from China. Inflation edged up slightly to 0.8 percent (y/y) but remained among the lowest in emerging markets. Fiscal spending accelerated despite political uncertainty; the Bank of Thailand maintained its policy rate while easing credit card repayment regulations to support households. The Thai baht appreciated, driven by expectations of the Federal Reserve’s easing cycle and a persistent current account surplus.en
dc.identifierhttp://documents.worldbank.org/curated/en/099600408292450643/IDU15ae189ff1684614a0c1b8a11db93d0fa50d2
dc.identifier.doi10.1596/42113
dc.identifier.urihttps://hdl.handle.net/10986/42113
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.subjectECONOMIC GROWTH ANALYTICS
dc.subjectCONSUMER PROTECTION
dc.subjectTOURISM
dc.subjectINFLATION
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectMACROECONOMIC VULNERABILITY AND DEBT
dc.subjectMANUFACTURING, AGRIBUSINESS, AND SERVICES
dc.subjectTOURISM, RETAIL, CONSTRUCTION, AND REAL ESTATES
dc.subjectINDUSTRY POLICY AND REAL SECTORS
dc.subjectFINANCIAL INCLUSION
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectCOMPETITIVE INDUSTRIES
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleThailand Monthly Economic Monitoren
dc.title.subtitle29 August, 2024en
dc.typeBrief
dspace.entity.typePublication
okr.crossref.titleThailand Monthly Economic Monitor: 29 August, 2024
okr.date.disclosure2024-09-04
okr.date.lastmodified2024-08-29T00:00:00Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099600408292450643/IDU15ae189ff1684614a0c1b8a11db93d0fa50d2
okr.guid099600408292450643
okr.identifier.docmidIDU-5ae189ff-6846-4a0c-b8a1-db93d0fa50d2
okr.identifier.doihttps://doi.org/10.1596/42113
okr.identifier.externaldocumentum34383153
okr.identifier.internaldocumentum34383153
okr.identifier.report193303
okr.import.id5202
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099600408292450643/pdf/IDU15ae189ff1684614a0c1b8a11db93d0fa50d2.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryThailand
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Consumption
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Inflation
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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