The prime minister has led his economic team in a meeting with executive members of the Thai Bankers Association (TBA), for a discussion about pressing economic issues, ranging from household and SME debt, the strengthening baht against the US$ to the competitiveness of Thai products in the global market.
He also said that the outcomes of the meeting today will be put into practice as soon as possible, noting that the government has only four months in office before the House is dissolved.
Thailand’s household debt, for the first quarter of this year, was estimated at 87.4% of GDP, according to the Bank of Thailand but, compounded by informal debt, that ratio may be as high as 104% of GDP.
TBA President Payong Srivanich said that the association has not asked for any special favours from the prime minister, because he is fully aware of the problems facing the country.
He noted that what the government needs to do, however, is “connect the dots”, putting together separate pieces of information, events and ideas, to understand the big picture and solve the problems.
