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Rising Debt Levels Prompt Wake-Up Call in Thailand.
Byline: Parista Yuthamanop
Nov. 4--Household debt stood at 47.8 percent of disposable income at the end of the second quarter, up from 46.1 percent at the end of 2002, according to the Bank of Thailand.
Debt levels have been rising steadily since 2001, when the average was 39.9 percent, the central bank said. And while the current level was not considered alarming, authorities should take steps to curb excessive increases, it said.
The figures include loans from banks, non-banks and state programmes such as the village investment funds.
A separate survey by the National Statistical Office showed average household debt rising 20 percent ...
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Source: HighBeam Research, Rising Debt Levels Prompt Wake-Up Call in Thailand.