Thailand Economic Monitor, June 2016 | Land Portal

Resource information

Date of publication: 
June 2016
Resource Language: 
ISBN / Resource ID: 
handle:10986/24940
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Copyright details: 
World Bank

The Thai economy shows signs of a nascent recovery but faces challenges on the path toward a broad-based and sustained recovery. The Thai economy accelerated to 2.8 percent in 2015, compared to 0.9 percent in 2014, partly on the basis of government consumption and investment, and partly on declining imports. Tourism and private consumption have mildly recovered, whereas merchandise exports dropped in the last quarter of 2015. Economic growth is expected to moderate to 2.5 percent in 2016 primarily due to sluggish exports of goods and private investment amid a slowing and difficult global environment. Fiscal stimulus and tourism receipts will remain key drivers of growth in 2016. Poverty rates are expected to fall at a slower rate, with poor households concentrated in rural areas affected by falling agricultural prices. Downside risks to economic growth include a hard landing in China accompanied by global financial turmoil as well as heightened domestic political uncertainty. Nevertheless, ample fiscal and monetary buffers, a sound financial sector and strong fundamentals will help Thailand weather shocks.

Authors and Publishers

Author(s), editor(s), contributor(s): 

Ariyapruchya, Kiatipong
Sanchez Martin, Miguel Eduardo
Reungsri, Thanapat
Luo, Xubei

Publisher(s): 

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

Data provider

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

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