MBMG: Rising debt threatens growth | Bangkok Post: business

Business > News

MBMG: Rising debt threatens growth

- +

Thailand should address its swelling household and public debt to sustain economic growth, says Paul Gambles, managing partner of the MBMG Group. 

"Thailand acted after the 1997 Asian financial crisis, but there is a real danger that the country is falling into bad old habits as government debt is approaching 60% while consumer debt has reached 80%, and that is scary for future growth when these two things are happening side by side," he said.

There is less room for government manoeuvre when public debt reaches an appalling rate, while domestic consumption is hampered as consumers spend less because of their debt burden, Mr Gambles said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

4 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments