Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  World  >  SET       XC0009655199

SET

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Thai first quarter household debt at 80% of GDP, highest in four years

07/07/2020 | 06:45am EST

Thailand's household debt level to gross domestic product (GDP) rose slightly to 80.1% in the first quarter, the highest level in four years, central bank data showed, with the trend set to continue as the coronavirus outbreak squeezes the economy.

Southeast Asia's second's largest economy could shrink a record 8.1% this year, the central bank predicts.

As of March, household debt stood at 13.479 trillion baht ($431.47 billion), little changed from the 13.483 trillion baht at the end of last year, equal to 79.9% of GDP.

The debt to GDP ratio may jump to 88-90% at the end of this year, which would be the highest in the 18 years that the central bank has compiled records on household debt, according to Kasikornbank's research centre.

A sharp economic contraction and banks' debt relief measures, including lower loan repayments and debt moratoria, are likely to keep household debt levels high, it said.

Soft loans offered to households hit by the outbreak are also likely to push up debt levels, which are already among Asia's highest.

(Reporting by Orathai Sriring; Editing by Martin Petty)


© Reuters 2020
All news about SET
2020Wall Street Tilts Higher Pre-Bell; Futures Green, Europe Mostly Gains, Asia U..
MT
2020Asian Stock Exchanges Retreat on Pandemic Outlook; Bangkok and Mumbai Slmp
MT
2020Wall Street Mixed Pre-Bell; Futures Uneven, Europe Lower, Asia Muted
MT
2020Thailand set for 50,000 foreign tourists in Q4, down 99.5% -industry body
RE
2020Thailand stock investor mood at 5-month low, protests a big drag
RE
2020AirAsia shares in biggest daily fall as auditor flags 'going concern' doubts
RE
2020Thai first quarter household debt at 80% of GDP, highest in four years
RE
2020Global central bank response to the coronavirus outbreak
RE
2020UK stocks clock best day in nearly three-weeks on stimulus hopes
RE
2020London Stock Exchange's FTSE Russell joins Libor replacement race
RE
More news
News of the index components SET
01/15PTT Wins Thailand SEC Greenlight for $1.8 Billion Retail Unit IPO
MT
01/15PTT : and IRPC entered into a strategic cooperation to study on Melt Blown busin..
PU
01/15ADVANCED INFO SERVICE : Arbitration Committee Dismisses CAT Telecom's Dispute wi..
MT
01/15PTT PCL Unit Starts Taking Orders for $1.57 Billion Thailand IPO
DJ
01/14THAI UNION : Opens New Bone Powder Production Facility in Thailand; Launches Uni..
PU
01/14PTT : Notice of effectiveness of PTT Oil and Retail Business Public Company Limi..
PU
01/14THAI UNION : Opens New Bone Powder Production Facility in Thailand; Launches Uni..
PU
More news
Chart SET
Duration : Period :
SET Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SET
Short TermMid-TermLong Term
TrendsBullishBullishBullish