'It's a time bomb' - Thailand faces US$438 billion household debt in risk to new leader

Image from The Nation Thailand/ANN

JAKARTA, May 22 (Bloomberg): 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.”