KASIKORN Research Centre projects that the debt-to-GDP ratio may slide to 84.0% by the end of 2026, down from 86.8% in 2025, but this does not signify a resolution to the debt problem, as the slow pace of debt growth partly reflects constraints on new borrowing rather than an improvement in financial standing, Naewna newspaper
Tag: household
Thailand to spend 10bn baht to buy bad household debt, stocks edge up nearly 1%
By Reuters and published by CNA THE Bhumjaithai-led coalition government will spend 10 billion baht ($307 million) to buy bad debt this month, the Finance Minister said today (Oct. 9), as part of its plans to revive its sluggish economy. Thailand’s stubbornly high levels of household debt have shackled the economy for several years,
Read moreThai household debt likely to climb further
(Bloomberg News) – Thailand’s household debt, already among the highest in emerging Asia, is expected to rise further as a fresh Covid19 outbreak curbs incomes, weighing on consumer spending and heightening financial-stability risks. Household debt stood at 13.8 trillion baht, or 87% of gross domestic product, at the end of September 2020, up from 79% a
Read moreThai household debt sinks to new low
(Bloomberg News) Thailand’s household debt, already among the highest in emerging Asia, is expected to rise further as a fresh Covid19 outbreak curbs incomes, weighing on consumer spending and heightening financial-stability risks. Household debt stood at 13.8 trillion baht, or 87% of gross domestic product, at the
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