Publication:
Thailand Monthly Economic Monitor: 21 March 2023

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-04-07T19:49:51Z
dc.date.available2023-04-07T19:49:51Z
dc.date.issued2023-03-21
dc.description.abstractThe economy resumed moderate expansion as private consumption and tourism improved at the beginning of 2023, after a disappointing Q4 outturn. However, lingering soft global demand continued to weigh on goods exports, manufacturing, and private investment. Inflation slowed amid easing global energy prices but remained above the Bank of Thailand’s target range of 1-3 percent. As a result, authorities extended energy-related subsidies while maintaining monetary policy normalization. The Thai baht depreciated the most among major ASEAN currencies in February as the current account turned deficit due to slowing export of goods while substantial portfolio flows exited the equity and bond markets.en
dc.identifierhttp://documents.worldbank.org/curated/en/099405203202325225/IDU1f276f9be178f714dcd182a11745965f710bb
dc.identifier.doi10.1596/39648
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39648
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.rightsCC BY-NC 3.0 IGO
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectECONOMIC GROWTH
dc.subjectMONTHLY ECONOMIC FORECAST
dc.subjectECONOMIC INDICATORS
dc.subjectINFLATION
dc.subjectEXPORTS
dc.subjectSOFT GLOBAL DEMAND
dc.subjectMONETARY POLICY
dc.subjectENERGY SUBSIDY
dc.titleThailand Monthly Economic Monitoren
dc.title.subtitle21 March 2023en
dc.typeBrief
dspace.entity.typePublication
okr.crossref.titleThailand Monthly Economic Monitor: 21 March 2023
okr.date.disclosure2023-03-20
okr.date.lastmodified2023-03-22T00:00:00Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099405203202325225/IDU1f276f9be178f714dcd182a11745965f710bb
okr.guid099405203202325225
okr.identifier.docmidIDU-f276f9be-78f7-4dcd-82a1-745965f710bb
okr.identifier.externaldocumentum34024442
okr.identifier.internaldocumentum34024442
okr.identifier.report180937
okr.import.id360
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099405203202325225/pdf/IDU1f276f9be178f714dcd182a11745965f710bb.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryThailand
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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