Hidden Bibliographic Details
| Other authors / contributors: | Aiyar, Shekhar, author.
International Monetary Fund, Issuing body.
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| ISBN: | 1283568438
9781283568432
9781452702575
1452702578
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| ISSN: | 2227-8907
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| Notes: | "Prepared by Shekhar Aiyar, Sanjay Kalra, Ivan Tchakarov, and Jeanne Gobat."
"June 2008"--Cover.
"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."
Includes bibliographical references.
Print version record.
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| Summary: | External demand has been the main driver of growth in Thailand in 2006 and 2007. However, recent IMF World Economic Outlook (WEO) projections indicate moderating foreign demand this year, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to the US has fallen in recent years, the US remains Thailand's largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U.S. slowdown on Thai growth. We find that a 1 percent slowdown in U.S. growth in 2008-relative to the baseline forecast-could have an upper-bound impact on Thai GDP growth of 0.9 percentage points.
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| Other form: | Print version: Thailand. Washington, D.C. : International Monetary Fund, 2008
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| Standard no.: | 10.5089/9781452702575.002
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