A US$500b pile of household debt weighs on new Thai leader
==========

Thailand's household debt exceeds US$500 billion, impacting economic growth; Prime Minister Paetongtarn Shinawatra, 38, took office in September 2024; household debt ratio at 90% of GDP, double emerging market average; debt relief package expected soon, involving banks and state bailout fund; World Bank's Kiatipong Ariyapruchya warns of economic suppression; debt growth linked to populist policies of Thaksin and Yingluck Shinawatra; suicide rate rose to 7.9 per 100,000, linked to debt issues; household debt per household projected to rise 8.4% to 606,378 baht (US$18,244); informal debt may add 10-20% to GDP; S&P Global Ratings warns of unsustainable household leverage.

#Thailand #HouseholdDebt #Economy #PaetongtarnShinawatra #ThaksinShinawatra #YingluckShinawatra #WorldBank #SuicideRate #DebtRelief #S&pGlobalRatings

https://theedgemalaysia.com/node/730667 

 nostr:note1a4kl0yh7uf989gjmynpr4sd6lad3kurc7wnnfx4kme85c63s9ngq63mx4j