Bhaopichitr, KiridaSirimaneetham, VatcharinLuangpenthong, AngkaneeThongampai, Ruangrong2017-09-072017-09-072008-04https://hdl.handle.net/10986/28197Real Gross Domestic product (GDP) in Thailand is projected to grow at 5.0 percent in 2008, driven by recovery in domestic demand. The key reason for the strengthened growth this year is the higher confidence of both consumers and investors with the return of democracy and the election of a new government late in 2007. Last year's better than-expected growth of 4.8 percent was due to buoyant export performance throughout the year even as domestic consumption and investment declined amidst the uncertain political environment and sudden shifts in policy. But this year, the opposite is likely. The external current account may weaken slightly in 2008, as the global downturn slows exports and robust domestic demand stimulates imports. Private investment should recover after its slump last year. Recovery in private consumption and investment could be fragile as there remain large down side risks to their growth, but could be mitigated by additional fiscal stimulus. In addition to the short-term measures have been introduced by the government to mitigate risks this year and next, longer term measures are needed to sustain Thailand's growth and poverty alleviation.en-USCC BY 3.0 IGOACCESS TO LOANSACCOUNTINGADVERSE EFFECTAGGREGATE DEMANDAGRICULTURAL COOPERATIVESAGRICULTUREBALANCE OF PAYMENTBALANCE OF PAYMENTSBANK DEPOSITBANK LENDINGBANK LOANSBANK OFFICEBANK RATEBONDSBUDGET DEFICITBUSINESS DEVELOPMENTCAPACITY BUILDINGCAPITAL ACCOUNTCAPITAL FLOWCAPITAL FLOWSCAPITAL INFLOWSCAPITAL OUTFLOWSCLEARING HOUSECOLLATERALCOMMERCIAL BANKCOMMERCIAL BANK LOANSCOMMERCIAL BANKSCOMMODITIESCOMMODITYCOMMODITY PRICECOMMODITY PRICESCOMMUNICATIONS SERVICESCOMMUNICATIONS TECHNOLOGYCOMPETITIVENESSCONFIDENCE INDEXCONSUMER GOODSCONSUMER PRICE INDEXCONSUMERSCONSUMPTION INCREASESCREDIT BUREAUCURRENCYCURRENT ACCOUNT BALANCECURRENT ACCOUNT SURPLUSDEBTDEBTSDECENTRALIZATIONDEMOCRACYDEPOSITDEPOSIT INSURANCEDEPOSIT INTERESTDEPOSIT INTEREST RATEDEPOSIT INTEREST RATESDEPOSIT RATESDEPOSITORYDEVELOPING COUNTRIESDEVELOPMENT AGENCYDISBURSEMENTDOMESTIC INFLATIONDURABLE GOODSECONOMIC COOPERATIONECONOMIC DOWNTURNEQUIPMENTEQUIPMENTSEQUITY INVESTMENTEQUITY INVESTMENTSEXCHANGE COMMISSIONEXCHANGE RATEEXCHANGE RATESEXPORT CREDITEXPORT GROWTHEXPORT MARKETSEXPORT PERFORMANCEEXPORT SHAREEXPORTSEXPOSUREEXTERNAL DEBTFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL PERFORMANCEFINANCIAL SECTORFISCAL DEFICITFISCAL POLICIESFISCAL POLICYFIXED CAPITALFIXED INCOMEFOOD PRICESFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN DIRECT INVESTMENTSFOREIGN EXCHANGEFOREIGN FIRMSFOREIGN INVESTMENTFOREIGN INVESTMENTSFOREIGN INVESTORSFREE TRADEFREE TRADE AGREEMENTFREE TRADE AGREEMENTSFUTURE CASH FLOWSGDPGDP PER CAPITAGLOBAL ECONOMYGLOBAL TRADEGOVERNMENT BANKGOVERNMENT POLICYGOVERNMENT SAVINGSGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROWTH POTENTIALGROWTH RATEGROWTH RATESHOUSEHOLD INCOMESHUMAN RESOURCEINCOME GROUPSINCOME GROWTHINCOME INSTRUMENTSINCOME TAXINCOME TAXESINCOMESINDUSTRIAL COUNTRIESINDUSTRIAL ECONOMICSINFLATIONINFLATION TARGETINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PROJECTSINSTITUTION DEVELOPMENTINSTITUTIONAL INVESTORSINTEREST RATEINTEREST RATESINTERNATIONAL ACCOUNTING STANDARDINTERNATIONAL BANKINTERNATIONAL COOPERATIONINVENTORIESINVESTMENT BANKINVESTMENT CLIMATEINVESTMENT PROJECTSINVESTMENT PURPOSEINVESTMENT PURPOSESINVESTOR CONFIDENCEKNOWLEDGE ECONOMYLIBERALIZATIONLOANLOAN RATESLOCAL GOVERNMENTLOW INTEREST RATESLOW-INCOME COUNTRYMACROECONOMIC POLICIESMANUFACTURING INDUSTRYMARKET SHAREMARKET SHARESMIDDLE INCOME COUNTRYMONETARY AUTHORITIESMORTGAGEMORTGAGE MARKETMORTGAGESMUTUAL FUNDSNATIONAL CREDITNATIONAL INCOMENET CAPITALNET EXPORTSNEW MARKETSNON-PERFORMING LOANSOIL PRICEOIL PRICESOUTPUTOUTPUTSPENSIONPENSION FUNDSPER CAPITA INCOMEPERSONAL INCOMEPHYSICAL ASSETSPORTFOLIOPORTFOLIO INVESTMENTPOVERTY ALLEVIATIONPRICE CONTROLSPRIVATE INVESTMENTPRODUCTION EFFICIENCYPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC DEBTSPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC UTILITYPURCHASING POWERRAPID GROWTHREAL EXCHANGE RATEREAL GDPREGIONAL TRADEREMITTANCESRESERVERESERVE REQUIREMENTRESERVE REQUIREMENTSRESERVESRETURNRETURNSRISE IN INFLATIONRISK MANAGEMENTRURAL INFRASTRUCTURESAVINGSSAVINGS BANKSECURITIESSHORT-TERM EXTERNAL DEBTSMALL LOANSSOCIAL DEVELOPMENTSOCIAL PROTECTIONSTATE ENTERPRISESSTOCK EXCHANGETAXTAX BREAKSTAX DEDUCTIONTAX RATESTELECOMMUNICATIONSTRADE NEGOTIATIONSTRADE REFORMSTRANSACTIONVOLATILITYWAGESWORLD ECONOMYWORLD TRADEWORLD TRADE ORGANIZATIONWTOReportWorld Bank10.1596/28197