Thai workers' debt at 14-year high amid price rises, slow growth - survey

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BANGKOK : Thai workers' debt levels have hit a 14-year high amid sluggish economic recovery and rising living costs driven by soaring fuel prices, a university survey showed on Thursday.The debt of each worker's household stood at 217,000 baht ($6,299) this year, up 6 per cent from last year, restraining

BANGKOK : Thai workers' debt levels have hit a 14-year high amid sluggish economic recovery and rising living costs driven by soaring fuel prices, a university survey showed on Thursday.

"Workers' debts are still increasing. If living costs keep rising, consumer spending will disappear and it will be very difficult for the economy to recover," he said.

 

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