Thailand's real economic output is expected to grow 5.5 percent this year, the International Monetary Fund mission led by Thomas Rumbaugh concluded in the economic review. As the global economy remains subdued, robust domestic demand will be necessary to sustain the recovery.
Thailand's growth will pick up further to 7.5 percent in 2013. But the forecast is subject to downside risks, like possibility of strains in Europe undermining global growth and any renewed domestic uncertainty.
The current accommodative stance of the Bank of Thailand is appropriate. Nonetheless, monetary stimulus should be gradually phased out after the economy recovers, Rumbaugh said at a press briefing.
The medium term task should be to ensure rapid and sustained growth. "Tapping underdeveloped regions and spreading growth more geographically across the nation would help support annual growth of 5 percent over the medium term, with low inflation," he said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.