Thai Economy on the Brink: Urgent Call for Financial Stimulus

Thailand’s Economy in Recession Due to High Household Debt, Says Deputy Finance Minister

Thailand’s economy is facing a recession due to the alarming levels of household debt, according to Deputy Finance Minister Julapun Amornvivat. He emphasized the urgent need for stimulus measures to revive the economy, as the government remains committed to its 500 billion baht ($14.05 billion) handout plan. Julapun expressed hope that any delay in its implementation would be brief.