Thailand Faces $438 Billion Household Debt in Risk to New Leader

Rising household debt is a “time bomb” awaiting Thailand’s new government, and the problem will likely be more apparent when the ongoing economic recovery loses momentum, an official said.

“It’s like a ticking time bomb that can explode later,” Danucha Pichayanan, secretary-general of the National Economic & Social Development Council, said Monday. “The next government needs to closely monitor and make it a priority to fix the problem.”

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