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The Thai economy - the current state and the way forward

· Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (Thailand)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt, growth, investment and productivity

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· Sethaput Suthiwartnarueput Wiki · Bank of Thailand WikiThe Thai economy - the current state and the way forward

ContextTalk to the Japanese Chamber of Commerce in Bangkok, the speaker's fifth visit there; the Bank of Thailand keeps prices and finance stable and faces weak growth.

Why it mattersThe Thai governor defends gradual reduction of high household debt rather than quick stimulus.

Problems raised
  1. Thai household debt is too high.
  2. Credit growth is slowing.
  3. Growth is soft and inflation low.
Solutions proposed
  1. Reduce household debt gradually.
  2. Use FX intervention and debt restructuring.
  3. Stabilise credit risk.
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