Thailand's household debt rises fastest in Asia

[TPI]

The tourism industry is also projected to improve because of the current peace.

Thailand’s exports this year are projected to grow about 3 per cent due to the recovery of the global economy, he said, adding that that the Centre has forecast that the country’s economy would grow more than two per cent.

Well then everything should be just dandy then, no probs about people in debt im sure the TOT and Export Centre news will fix all their problems...

I looked at some graphs debt vs GDP and Thailand is not that bad compared to some countries especially the UK they are almost at the same level. It might be bad for a Asian country but for Western standards its not much.

Agreed the levels of personal household debt in the UK is about 90% ratio to GDP, then again the earning power is also a lot higher which means it can turn around that much quicker and also the fact that a large % of that is property debt and that property is going to still be around in a couple of decades and increase in price and return on the debt whereas most Thai property will be worthless in 20 years or virtually flatline due to the crap building regs and build quality.... so effectively here its lost money..the only worth it has is the land its on not the property after a few years of wear and tear, they dont have the first clue on maintenance or quality building, least thats my opinion of the second hand property market here.

Hear hear! It would seem that there is no second hand market it Thailand! Only us mugs who bought houses and land with the thought of making a reasonable profit in the furure!