Publication: Thailand Monthly Economic Monitor: 27 October, 2023
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2023-11-13
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2023-11-13
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The economy continued its moderate expansion, driven by private consumption and improving goods exports. However, the tourism recovery decelerated. Inflation remained significantly below peers; raw food prices fell and energy subsidies contained pressure on living costs. The planned fiscal stimulus measures will provide a short-term boost to growth but delay ongoing fiscal consolidation. The Bank of Thailand unexpectedly raised its policy rate to 2.50 percent. In September, the Thai baht depreciated against major trading partners.
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“World Bank. 2023. Thailand Monthly Economic Monitor: 27 October, 2023. © World Bank. http://hdl.handle.net/10986/40600 License: CC BY-NC 3.0 IGO.”
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