An Expanding Debt: Falling Profits Hits the Ability to Repay
The Bank of Thailand leader, a growing under-employment rate led by the Covid-19 crisis would further aggravate the country’s swelling household debt and the debt-servicing woes of borrowers. Although the coronavirus outbreak has not significantly impacted the unemployment rate, the pandemic has caused an increase in underemployment due to a decrease in working hours, said Governor Sethaput Suthiwartnarueput, due to …