There's a 'big agenda' to bring Thailand's household debt down, HSBC economist says

ASEAN economist Aris Dacanay highlights the impact of high household debt on the economy. According to Dacanay, when household debt to GDP ratio crosses the 80% threshold, it starts to become damaging. The economist’s statement suggests that excessive household debt can have adverse consequences for the economy. This warning underscores the importance of maintaining a healthy balance between household debt and economic growth to avoid potential economic downturns.

Household Debt to GDP Reaching 80% Seen as Detrimental to Economy, Says ASEAN Economist

An economist specializing in ASEAN countries has cautioned that when household debt to GDP ratio exceeds 80%, it starts becoming detrimental to the economy. This observation emphasizes the negative effects that excessive household debt can have on economic stability. To prevent potential economic downturns, maintaining a healthy balance between household debt and economic growth is crucial.