News Forum - Consumer borrowing in Thailand in the red zone

[Thaiger]

The effects of consumer borrowing in Thailand during the pandemic is a serious campaign issue, with populist politicians pushing for a multi-year debt holiday. According to Nikkei, Thais owe more than any other people in the region, reflecting a huge jump in borrowing forced on an economy that relies heavily on tourism. Thai consumer debt …

The story Consumer borrowing in Thailand in the red zone as seen on Thaiger News.

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[TheDirtyDurian]

Great idea Anutin... 

"“Covid put us through tough times for three years. So, whoever has lawful debt, Bhumjaithai will give you a debt holiday of up to 1 million baht for three years.”

Financed by selling government bonds. Just pushing the can down the road.....

[Ramanathan.P]

All politicians want is to win their race at any costs.....of course it is not their cost end of the day. It is the people who have to bear the cost in their life time

[Soidog]

I have no faith in any of these Thai politicians. The only one in recent years who impressed in any way, was Thanathorn from the now disbanded Future Forward party. Those in control soon got rid of his progressive ideas. Wonder what he’s doing now with his life. Missed opportunity for the Thais who need him.