An auctioneer fields bids at the Siam Inter Auto warehouse in Bangkok, where US$1 million worth of second-hand cars were sold in a single day when This Week in Asia visited. Photo: Vijitra Duangdee
An auctioneer fields bids at the Siam Inter Auto warehouse in Bangkok, where US$1 million worth of second-hand cars were sold in a single day when This Week in Asia visited. Photo: Vijitra Duangdee
Thailand

Has hope for Thailand’s economy come too late for the kingdom’s crippling debt crisis?

  • An improvement in third-quarter data and tourism limping back have not offset a surge in household debt, which hit 84 per cent of GDP in the second quarter
  • Experts fear worse is to come for Southeast Asia’s second largest economy after the government ended a debt holiday for struggling individuals and small businesses

Topic |   Thailand
An auctioneer fields bids at the Siam Inter Auto warehouse in Bangkok, where US$1 million worth of second-hand cars were sold in a single day when This Week in Asia visited. Photo: Vijitra Duangdee
An auctioneer fields bids at the Siam Inter Auto warehouse in Bangkok, where US$1 million worth of second-hand cars were sold in a single day when This Week in Asia visited. Photo: Vijitra Duangdee
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