Publication: Thailand Monthly Economic Monitor: February 2023
Date
2023-03-14
ISSN
Published
2023-03-14
Author(s)
World Bank
Abstract
Growth decelerated more than expected
to 1.4 percent in Q4 2022 amid the global economic slowdown.
Goods trade contracted while manufacturing production and
investment weakened. However, robust private consumption and
tourism recovery continued to strengthen the outlook.
Headline inflation declined but the second-round impact on
domestic prices remained. This prompted the Bank of Thailand
to continue monetary policy normalization and the government
to extend energy-related subsidies. The current account
balance returned to surplus in Q4 2022 on the back of
substantially improved tourism receipts, supporting the Thai baht.
Citation
“World Bank. 2023. Thailand Monthly Economic Monitor: February 2023. © World Bank, Washington, DC. http://hdl.handle.net/10986/39525 License: CC BY-NC 3.0 IGO.”