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News Forum - Thailand tackles household debt crisis, slow economic recovery


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The Economic Cabinet directed the Finance Ministry and the Bank of Thailand (BoT) to quickly address household debt issues, focusing on bad debts in housing, cars, motorcycles, credit cards, and student loans, amid an economy still showing sluggish recovery signs. Finance Minister Pichai Chunhavajira, after the economic ministers’ meeting chaired by Prime Minister Srettha Thavisin, … …

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"Household debt currently stands at 13.6 trillion baht, equivalent to 90% of GDP,"

That is a seriously concerning figure!

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