World Economy

Thai Recovery Advancing

Thai Recovery AdvancingThai Recovery Advancing

Thailand’s economic recovery is expected to advance at a moderate pace in the near and medium term and it has policy space and ample buffers to minimize the risk of a low-inflation, low-growth trap, the International Monetary Fund said on Tuesday, Reuters reported. Public investment would remain a key growth driver in line with the government’s infrastructure plans, the IMF said in a statement after a staff visit to Southeast Asia’s second-largest economy. The outlook is subject to significant uncertainty and downside risks from factors including a bumpy rebalancing in China and a shift in US policy, it said.


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