The exorbitant price Thailand is paying for high household debt 

The crisis of high household debt is casting a dark shadow over Thai society: over a million people are on the edge of bankruptcy, some have committed suicide or crimes,…

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Over ฿289bn extended by Thai banks to clients hit by COVID-19 pandemic

Thai commercial banks have extended financial help, estimated at more than 289.3 billion baht, to their customers affected by the impacts of the COVID-19 pandemic over the past two years,…

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Record 870,000 Thais unemployed in Q3 2021, household debt surges 5% – NESDC

Impacted by COVID-19 lockdown measures, about 870,000 Thais were jobless during the third quarter of this year, a record high, with college and university graduates accounting for 3.63%. Meanwhile, household…

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Photo by Romeo GACAD / AFP

Thailand’s household debt increased 3.9% to ฿14.02 trillion in Q4 of 2020 and will grow this year

Thailand’s household debt increased 3.9% to 14.02 trillion baht in the fourth quarter of last year, representing 89.3% of gross domestic product (GDP), said Mr. Danucha Pichayanan, secretary-general of the…

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Thailand’s GDP this year set to contract 7.8-7.3%, not 5-6% previously forecast

Thailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast…

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