UOB: Household debt the main danger | Bangkok Post: business

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UOB: Household debt the main danger

Problem could trigger another Asian crisis

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Thailand's swelling household debt must be monitored, as consumer leverage could be at the root of a downturn in next year's economic growth, warns Singapore's United Overseas Bank (UOB). 

"Consumer leverage is building up in Thailand in housing, car loans and personal credit cards, and if we're not careful, the 

Consumer leverage could be at the root of a downturn in next year’s economic growth, warns Mr Koh. PATTANAPONG HIRUNARD

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