Thai household debt trap tests growth ambitions as Bangkok hosts IMF
4 Articles
4 Articles
Thai household debt trap tests growth ambitions as Bangkok hosts IMF
By Panarat Thepgumpanat and Orathai Sriring BANGKOK, Oct 8 (Reuters) - Thai business owner Kavita Wongyakasem, 51, fears she may die before she has paid back all her debt. The single mother of two owes 10 million baht ($298,000) to seven financial inst...
Thailand's household debt crisis has soared to its highest level in 18 years, a ticking time bomb and a major obstacle hindering the country's ambitions for economic growth, as Bangkok prepares to host major IMF and World Bank meetings next week, amid warnings from the central bank… Read original news: Breathing life out before debt is cleared? 'Household debt' hits 18-year high, stifling GDP dreams at IMF meeting
Thailand’s household debt crisis threatens to keep growth below potential despite lower debt ratios
Thailand’s household debt problem is again moving to the centre of the economic debate as Bangkok prepares to host the IMF and World Bank annual meetings. Household debt stood at 85.2% of GDP at the end of June, while average household debt has reached its highest level in 18 years, constraining consumption and making it […]
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