Thai Household Debt Threatens Growth
Crushing household debt across Thailand is threatening economic growth ambitions as Bangkok prepares to host annual meetings of the IMF and the World Bank. With the debt-to-GDP ratio at 85.2 percent, officials warn that structural issues will impede recovery.
Rising household debt in Thailand has reached an 18-year high, weighing on economic growth prospects as Bangkok hosts global financial leaders.
The debt burden threatens structural reforms and domestic consumption across Southeast Asia's second-largest economy.
