Thailand has the monetary scope to help economy, says IMF

Staff of food delivery companies sit on social-distancing chairs due to the coronavirus disease (Covid-19) outbreak, as they wait for customers' orders at a shopping mall in Bangkok, Thailand. - Reuters

BANGKOK, June 4 (Reuters): Thailand has room for further monetary easing to support its economic recovery, which is expected to be slow, uneven and clouded by the unknown path of the coronavirus pandemic, the International Monetary Fund (IMF) said.

The tourism-reliant economy contracted 6.1% last year, its deepest slump in over two decades, with tourism devastated by the impact of the pandemic.