Thailand Economic Monitor, April 2008

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...

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Bibliographic Details
Main Authors:	Bhaopichitr, Kirida, Sirimaneetham, Vatcharin, Luangpenthong, Angkanee, Thongampai, Ruangrong
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCESS TO LOANS ACCOUNTING ADVERSE EFFECT AGGREGATE DEMAND AGRICULTURAL COOPERATIVES AGRICULTURE BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK DEPOSIT BANK LENDING BANK LOANS BANK OFFICE BANK RATE BONDS BUDGET DEFICIT BUSINESS DEVELOPMENT CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOWS CAPITAL OUTFLOWS CLEARING HOUSE COLLATERAL COMMERCIAL BANK COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMMUNICATIONS SERVICES COMMUNICATIONS TECHNOLOGY COMPETITIVENESS CONFIDENCE INDEX CONSUMER GOODS CONSUMER PRICE INDEX CONSUMERS CONSUMPTION INCREASES CREDIT BUREAU CURRENCY CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DEBT DEBTS DECENTRALIZATION DEMOCRACY DEPOSIT DEPOSIT INSURANCE DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSIT INTEREST RATES DEPOSIT RATES DEPOSITORY DEVELOPING COUNTRIES DEVELOPMENT AGENCY DISBURSEMENT DOMESTIC INFLATION DURABLE GOODS ECONOMIC COOPERATION ECONOMIC DOWNTURN EQUIPMENT EQUIPMENTS EQUITY INVESTMENT EQUITY INVESTMENTS EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATES EXPORT CREDIT EXPORT GROWTH EXPORT MARKETS EXPORT PERFORMANCE EXPORT SHARE EXPORTS EXPOSURE EXTERNAL DEBT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL SECTOR FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FIXED CAPITAL FIXED INCOME FOOD PRICES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FUTURE CASH FLOWS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL TRADE GOVERNMENT BANK GOVERNMENT POLICY GOVERNMENT SAVINGS GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH RATE GROWTH RATES HOUSEHOLD INCOMES HUMAN RESOURCE INCOME GROUPS INCOME GROWTH INCOME INSTRUMENTS INCOME TAX INCOME TAXES INCOMES INDUSTRIAL COUNTRIES INDUSTRIAL ECONOMICS INFLATION INFLATION TARGET INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTION DEVELOPMENT INSTITUTIONAL INVESTORS INTEREST RATE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARD INTERNATIONAL BANK INTERNATIONAL COOPERATION INVENTORIES INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT PROJECTS INVESTMENT PURPOSE INVESTMENT PURPOSES INVESTOR CONFIDENCE KNOWLEDGE ECONOMY LIBERALIZATION LOAN LOAN RATES LOCAL GOVERNMENT LOW INTEREST RATES LOW-INCOME COUNTRY MACROECONOMIC POLICIES MANUFACTURING INDUSTRY MARKET SHARE MARKET SHARES MIDDLE INCOME COUNTRY MONETARY AUTHORITIES MORTGAGE MORTGAGE MARKET MORTGAGES MUTUAL FUNDS NATIONAL CREDIT NATIONAL INCOME NET CAPITAL NET EXPORTS NEW MARKETS NON-PERFORMING LOANS OIL PRICE OIL PRICES OUTPUT OUTPUTS PENSION PENSION FUNDS PER CAPITA INCOME PERSONAL INCOME PHYSICAL ASSETS PORTFOLIO PORTFOLIO INVESTMENT POVERTY ALLEVIATION PRICE CONTROLS PRIVATE INVESTMENT PRODUCTION EFFICIENCY PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC DEBTS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC UTILITY PURCHASING POWER RAPID GROWTH REAL EXCHANGE RATE REAL GDP REGIONAL TRADE REMITTANCES RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RETURN RETURNS RISE IN INFLATION RISK MANAGEMENT RURAL INFRASTRUCTURE SAVINGS SAVINGS BANK SECURITIES SHORT-TERM EXTERNAL DEBT SMALL LOANS SOCIAL DEVELOPMENT SOCIAL PROTECTION STATE ENTERPRISES STOCK EXCHANGE TAX TAX BREAKS TAX DEDUCTION TAX RATES TELECOMMUNICATIONS TRADE NEGOTIATIONS TRADE REFORMS TRANSACTION VOLATILITY WAGES WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/499781468312352349/Thailand-economic-monitor-April-2008 http://hdl.handle.net/10986/28197

Description
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.

Thailand Economic Monitor, April 2008

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