Thai household debt to deepen further in midst of grim economy, says central bank

A street food vendor pushing his drinks cart in Bangkok. Thailand's central bank on Friday said that the country's household debt levels, already at the highest in 17 years, are expected to deepen further, triggered by the Covid-19 pandemic that crippled the tourism and export sectors. - AFP

BANGKOK, Oct. 22 (Xinhua): Thailand's central bank on Friday said that the country's household debt levels, already at the highest in 17 years, are expected to deepen further, triggered by the Covid-19 pandemic that crippled the tourism and export sectors.

"The pandemic had slashed jobs, reducing households' income and debt servicing ability," said Bank of Thailand (BoT)'s governor Sethaput Suthiwartnarueput.