Economic news
Thai economy improving but household debt a problem – Finance Minister
2022.09.26 03:50
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© Reuters. FILE PHOTO: A man stands outside his apartment as people who have tested positive for the coronavirus disease (COVID-19) wait for paperwork to be processed by authorities before they are sent to a hospital, in Bangkok, Thailand May 17, 2021. REUTERS/Soe Z
BANGKOK (Reuters) – Thailand’s economy is improving but the country is facing issues with people’s debt and the government will seek to ease problems in the longer term, Finance Minister Arkhom Termpittayapaisith said on Monday.
Support would include new funding and debt restructuring Arkom said. Household debt in Thailand was about 89% of gross domestic product at the end of March, one of Asia’s highest rates.
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