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24 Jul 2019, Gergana Bencheva, EMIS Editor

IMF urges Thailand to adopt fiscal reforms, monetary easing

The International Monetary Fund (IMF) has urged Thailand to adopt an expansionary policy mix, including fiscal reforms and monetary easing, Intellasia.Net News reported. Thus, the country could support its economy’s growth, slowed amid rising global trade tensions on demand.

The Fund also recommended a frontloaded increase in public investment in fiscal year 2020. Furthermore, monetary easing is expected to help support domestic demand and external rebalancing and structural reforms to help address macroeconomic imbalances.

In 2018, the Thai economy grew by 4.1%, in 2018, Intellasia.Net News noted.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Intellasia.Net News