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Thailand Economic Monitor, April 2008 / Kirida Bhaopichitr.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Author/Creator:
- Bhaopichitr, Kirida.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accounting.
- Agricultural Cooperatives.
- Agriculture.
- Bonds.
- Business Development.
- Capacity Building.
- Capital Flows.
- Collateral.
- Commercial Banks.
- Commodity Prices.
- Communications Technology.
- Consumers.
- Decentralization.
- Deposit Insurance.
- Developing Countries.
- Economic Forecasting.
- Economic Growth.
- Exchange Rates.
- Export Competitiveness.
- Financial Institutions.
- Financial Sector.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Free Trade Agreements.
- Gdp.
- Global Economy.
- Gross Domestic Product.
- Income Tax.
- Inflation.
- Interest Rates.
- International Cooperation.
- Investment Climate.
- Liberalization.
- Local Government.
- Macroeconomics and Economic Growth.
- Mortgages.
- Per Capita Income.
- Private Investment.
- Productivity.
- Public Sector Development.
- Public Sector Management and Reform.
- Purchasing Power.
- Remittances.
- Risk Management.
- Savings.
- Securities.
- Social Development.
- Telecommunications.
- Trade Policy.
- Wages.
- World Trade Organization.
- Local Subjects:
- Accounting.
- Agricultural Cooperatives.
- Agriculture.
- Bonds.
- Business Development.
- Capacity Building.
- Capital Flows.
- Collateral.
- Commercial Banks.
- Commodity Prices.
- Communications Technology.
- Consumers.
- Decentralization.
- Deposit Insurance.
- Developing Countries.
- Economic Forecasting.
- Economic Growth.
- Exchange Rates.
- Export Competitiveness.
- Financial Institutions.
- Financial Sector.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Free Trade Agreements.
- Gdp.
- Global Economy.
- Gross Domestic Product.
- Income Tax.
- Inflation.
- Interest Rates.
- International Cooperation.
- Investment Climate.
- Liberalization.
- Local Government.
- Macroeconomics and Economic Growth.
- Mortgages.
- Per Capita Income.
- Private Investment.
- Productivity.
- Public Sector Development.
- Public Sector Management and Reform.
- Purchasing Power.
- Remittances.
- Risk Management.
- Savings.
- Securities.
- Social Development.
- Telecommunications.
- Trade Policy.
- Wages.
- World Trade Organization.
- Place of Publication:
- Washington, D.C. : The World Bank, 2008.
- System Details:
- data file
- Summary:
- Real 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.
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