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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

South Korea clinches 850bil won deal to deliver two more frigates to the Philippines Navy
FBM KLCI breaks winning streak on profit-taking
1MDB verdict: High Court convicts Najib on all 25 charges in RM2.3bil case
1MDB probe a fulfilment of MACC's duty to the country, says Azam
China to rein in copper, alumina capacity expansion under next five-year plan
Cops still trying to trace family of woman who lived at KLIA for a year
Record gold rally cools Indian buying; China discounts narrow
Putin indicated Russia could be open to territory swap as part of Ukraine deal, Kommersant says
1MDB verdict: Najib found guilty on all charges (Live blog)
China's PBOC signals caution on rapid yuan gain as it nears key 7 mark

Others Also Read