Thai economy seen recovering but household debt weighs: c.bank chief
[BANGKOK] Thailand's economy should continue recovering next year due to government stimulus measures and tourism, but high household debt is a burden, the central bank governor said on Thursday.
"The level of household debt is still an issue for the economic recovery to a certain extent. It is still weighing on consumption recovery," Veerathai Santiprabhob told reporters.
He said he also expected higher volatility in the global economy following policies implemented by major countries.
Southeast Asia's second-largest economy has yet to gain traction more than a year after an army coup in May 2014 ended months of political turmoil, with exports and consumption persistently weak.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
WTO countries to reboot dispute reform negotiations
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources