World Bank2023-11-132023-11-132023-11-13https://openknowledge.worldbank.org/handle/10986/40600The 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.enCC BY-NC 3.0 IGOPRIVATE CONSUMPTIONMONTHLY ECONOMIC INDICATORSSUBDUED GOODS EXPORTLOW INFLATIONECONOMIC FORECASTCURRENT ECONOMIC INDICATORSBriefWorld Bank10.1596/40600