Potentially a serious problem, says NESDC
The National Economic and Social Development Council (NESDC) warns that Thailand’s ballooning household debt will become a serious problem if employment and the economy decelerate, says secretary-general Danucha Pichayanan.
During a press conference on the economic outlook for the first quarter of 2023, Mr Danucha said that as household debt would hinder the expansion of domestic consumption, debt restructuring needed to continue alongside…