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Bangkok Post
Bangkok Post
Business

Thai household debt surges, reaching a 16-year climax

Thai Thanavath Phonvichai UTCC Covid-19

Thai households are dealing with the highest level of debt in 16 years thanks to prolonged Covid-19 outbreaks and slow economic growth, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).

The survey, which was based on interviews with 1,350 respondents conducted during Aug 15-20, deemed Thailand's household debt situation as not yet serious because rising debts stem largely from asset purchases.

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