Household debt continues to increase, nears 15 trillion baht

Thailand’s household debt reached 14.9 trillion baht in the fourth quarter of last year, as bad debts doubled due to the Covid-19 crisis, according to the National Economic and Social Development Council (NESDC).

Household debt increased by 3.9% in the fourth quarter, compared to 3.5% in the third quarter, the highest since the third quarter of 2021. This was due to recoveries in the national economy and the domestic labour market, the agency said on Thursday.

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The Nation Reporter