I am not so sure that the Country is very near Recession already
The Gov,t are going to great pains to try and paint over the massive amount of Household Debt, with Debt Moratoria and other measures for some 7 Million Farmers Etc
There is now talk of trying to aid the Car Borrowers that are in Debt, which comes as no surprise to me, as over 30 % of Vehicle Loans are either in NPL territory or under some Debt management Scheme or another
This huge amount of Debt ( 15 Trillion Baht - 80 % of it unsecured ) has to put pressure on the Gov,t borrowing and means to Finance its giveaway Policies