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Household Debt and Signs of Drought Squeeze Economy in Thailand
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Total household debt in Thailand at $306 billion in the second quarter of 2014, or 80% of GDP, is twice what it was in 2010. A assistant governor of the central bank expects sharp decline in spending rates. Low water level in dams is likely to affect the agricultural economy. The slowdown in China is lowering Thai exports. The result is a sharply slowing economy with growth expected at 1.5% for 2014.
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Sharply slowing growth in Thailand in 2014 with high household debt, lower exports and water shortages for agriculture
10/05/2014
Growth of about 1.5% expected in 2014.
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Household Debt and Signs of Drought Squeeze Economy in Thailand
New York Times 10/05/2014
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Household Debt and Signs of Drought Squeeze Economy in Thailand
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