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Sunday, April 28, 2024

Household debt at 15-year high

Debt-to-GDP ratio exceeds 90% and will peak in 2024, says university survey

Two debtors discuss their case with bank officers at a Debt Mediation Fair held at the Chaeng Watthana Government Complex in March last year. (Bangkok Post file photo)

Average household debt in the country has reached a 15-year high due to a slower-than-expected economic recovery and high living costs, amid uncertainty over the formation of a new…

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