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Growing Household Debt Replaces Asset 'Bubble' Anxiety for Thai Economy.
Byline: Wichit Chantanusornsiri
Feb. 3--While local economists say there is little risk of an asset price bubble over the next three years, increasing household debt -- spurred in part by government policies -- could pose a growing problem if not managed effectively.
Aat Pisanwanich, director of the International Trade Studies Centre at the University of Thai Chamber of Commerce, said the latest data had yet to show signs of bubble-style economic expansion.
While growth has been rapid, inflation remains low and the current account is still in surplus, he said at a seminar yesterday at the university.
But growing household debt, spurred ...
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