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Thailand Monthly Economic Monitor (Inglês)

The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial markets, will further set back the recovery. The number of foreign tourists fell in January, due to a pause of the Test and Go program amid rising COVID cases. The current account deficit widened as the goods trade surplus narrowed and the services trade deficit remained large. The Thai baht appreciated in February as investors gained confidence in Thai equity and bond markets, only to depreciate in March due to a global flight to safety as the Ukraine-Russia conflict intensified. Surging global energy prices caused inflation to rise significantly to 5.3 percent but second-round inflation pressures remained contained. The banking system remained resilient, despite deteriorated asset quality.


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    Puthong,Warunthorn, Ariyapruchya,Kiatipong, Edwards,Kim Alan

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    Leste Asiático e Pacífico,

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    Thailand Monthly Economic Monitor

  • Palavras-chave

    current account deficit; inflation; central government budget; primary income; risk-weighted asset; Public Debt Management; gross fixed capital; cost of living; export of goods; oil price; private consumption; gross loans; global energy; thai baht; goods trade; tourism; financial market volatility; new cases; Foreign Exchange Reserve; government bond yield; foreign direct investment; information and communication; import of goods; sovereign bond market; inflation pressures; tourist arrival; core inflation; trade deficit; energy price; financial account; foreign holding; foreign tourist; fiscal cost; Haver Analytics; tourism receipts; portfolio flow; asset quality; external demand; output level; banking system; investor confidence; import growth; household debt; Financial Sector; loan quality; equity market; energy import; Fiscal policies; export growth; raw food; merchandise export; supply chain; food price; Food Services; external shock; nonperforming loan; banking sector; regulatory requirement; coverage ratio; adequate liquidity; commercial bank; regulatory capital; liquidity buffer; foreign reserve; imported oil; foreign visitors; global demand; financial inflow; fiscal policy; price spike; net importer; relief measure; net outflow; Real estate; oil subsidy; confirmed case; output gap; industrial economics; unemployment rate; national statistical; travel restriction; oil fund; excise tax; total output; supply side; tax cut; retail trade; insurance activity; manufacturing production; fiscal balance; fiscal revenue; target range



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