Thailand Monthly Economic Monitor
The 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.
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| Main Author: | |
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| Format: | Brief biblioteca |
| Language: | English English |
| Published: |
Washington, DC
2023-11-13
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| Subjects: | PRIVATE CONSUMPTION, MONTHLY ECONOMIC INDICATORS, SUBDUED GOODS EXPORT, LOW INFLATION, ECONOMIC FORECAST, CURRENT ECONOMIC INDICATORS, |
| Online Access: | http://documents.worldbank.org/curated/en/099718310252338843/IDU0d078472a0673304bc70914c0c0ba15fe269d https://openknowledge.worldbank.org/handle/10986/40600 |
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