BoT sets 2 paths for household debt

A central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%.

If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household debt will increase to 18.1 trillion baht or 92.8% of GDP by 2025, up from 14 trillion in 2020 or 89.3% of GDP, said Don Nakornthab, senior director of the financial stability department at the Bank of Thailand.

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Bangkok Post Reporter