Thai household debt could rise beyond 80 percent of GDP

Thai household debt stood at 79.8 percent of GDP in the first quarter of this year, it said in a report issued by the National Economic and Social Development Council (NESDC).

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Published

4 months ago

June 19, 2020

Zhong Li

COVID-19 crisis has had a massive impact on household debt which may soar beyond 80 percent of gross domestic product (GDP)

Thai household debt stood at 79.8 percent of GDP in the first quarter of this year, it said in a report issued by the National Economic and Social Development Council (NESDC).

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Already a subscriber? Sign In here, or use a social media account to login.

Bank of Thailand: five big challenges in resolving the economic crisis

According to the Bank of Thailand, financial stability of the country is sound while external stability remains strong, with low and manageable levels of public debt, and a flexible labor market.

Published

4 days ago

October 21, 2020

Boris Sullivan

Mr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (BOT) revealed in his first meeting with the press, that the public health crisis brought about by COVID-19 has severely impacted global economic activities, including Thailand.

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Banking

Bank of Thailand to end debt moratorium for SMEs

According to a press release from the Bank of Thailand, the concern is that while most businesses can now continue payments, an extension of the assistance measure could impact the long-term stability of financial institutions.

Published

1 week ago

October 17, 2020

Headline Editor

BANGKOK (NNT) – The Bank of Thailand (BoT) has decided not to extend a general order to suspend debt repayment by SMEs to commercial banks set to end this October 22, instructing the institutions to consider such aid on a case by case basis instead, to protect the sector from long term impact.

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Banking

Covid-19 will cause long-lasting revenue losses for emerging market sovereigns

Almost all EMs will record budget deficits this year and face constraints in cutting spending amid the pandemic, amplifying the importance of revenue generation.

Published

2 weeks ago

October 12, 2020

Pr News

Emerging market (EM) sovereigns will suffer long-lasting revenue losses due to the coronavirus crisis, with governments’ ability to implement and enforce effective revenue-raising measures set to be a key credit driver over the coming years, Moody’s Investors Service said in a report today.

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