Publication:
Thailand Monthly Economic Monitor, 30 July 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-07-31T18:49:12Z
dc.date.available2024-07-31T18:49:12Z
dc.date.issued2024-07-31
dc.description.abstractRecent indicators of economic activity point to a gradual recovery, supported by improvement in manufacturing production, goods exports, and tourism. The number of tourist arrivals expanded, nearing pre-pandemic levels. However, private consumption moderated. Growth is projected to accelerate from 1.9 percent in 2023 to 2.4 percent in 2024. The Bank of Thailand has maintained a neutral policy rate and anticipates inflation to return to its target by Q4 2024. The banking sector remained stable with adequate buffers, though vulnerabilities in household debt and small and medium enterprise (SME) non-performing loans (NPLs) persist. The government has approved a flagship Digital Wallet program, expected to boost gross domestic product (GDP) in the short term and rolled out a soft loan program to support SMEs. The Thai baht depreciated due to delays in the Fed’s easing cycle and ongoing concerns about the Thai economy.en
dc.identifierhttp://documents.worldbank.org/curated/en/099645107302428508/IDU1a56ec0b01412314e9218b6e1140a911d7f14
dc.identifier.doi10.1596/41980
dc.identifier.urihttps://hdl.handle.net/10986/41980
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesThailand Economic Monitor
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectMANUFACTURING PRODUCTION
dc.subjectEXPORT
dc.subjectTOURISM
dc.titleThailand Monthly Economic Monitor, 30 July 2024en
dc.typeBrief
dspace.entity.typePublication
okr.crossref.titleThailand Monthly Economic Monitor, 30 July 2024
okr.date.disclosure2024-07-31
okr.date.lastmodified2024-07-30T00:00:00Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099645107302428508/IDU1a56ec0b01412314e9218b6e1140a911d7f14
okr.guid099645107302428508
okr.identifier.docmidIDU-a56ec0b0-4123-4e92-8b6e-140a911d7f14
okr.identifier.doihttps://doi.org/10.1596/41980
okr.identifier.externaldocumentum34370362
okr.identifier.internaldocumentum34370362
okr.identifier.report192773
okr.import.id4978
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099645107302428508/pdf/IDU1a56ec0b01412314e9218b6e1140a911d7f14.pdfen
okr.region.administrativeSouth Asia
okr.region.countryThailand
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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