Thailand Economic Monitor, January 2020 : Productivity for Prosperity
Thailand’s economic growth slowed to 2.4 percent in Q3 2019, driven by cyclical factors, notably weak external demand and heightened global uncertainty. The downturn has also exposed structural constraints, which is reflected in the sluggish growth...
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| Format: | Report |
| Language: | English |
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World Bank, Bangkok
2020
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| Online Access: | http://documents.worldbank.org/curated/en/394501579357102381/Thailand-Economic-Monitor-Productivity-for-Prosperity http://hdl.handle.net/10986/33196 |
| Summary: | Thailand’s economic growth slowed to 2.4
percent in Q3 2019, driven by cyclical factors, notably weak
external demand and heightened global uncertainty. The
downturn has also exposed structural constraints, which is
reflected in the sluggish growth of public and private
investments. TheGovernment has responded swiftly to the
growth slowdown, through accommodative monetary policies and
countercyclical fiscal stimulus. Going forward, additional
policies to enhance the effectiveness of the stimulus, with
a focus on implementing major public investment projects
andimproving the efficiency of public investment management
could maximize the growth impact. In the long term,
structural reforms such as enhancing competition in the
domestic economy, increasing openness, and promoting an
eco-system for firm innovation in order can boost productivity. |
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