Thai economy seen recovering but household debt weighs: c.bank chief
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
