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How Did Thailand's Middle Class Get So Deep In Debt? | Asia's Changing Middle Class | Insight
Once touted as the engine of Asia's rapid growth, Asia's middle class is now facing growing pains. In Thailand, household debt is squeezing the middle class. The household-debt-to-GDP ratio peaked above 95% in 2021. It currently hovers around 90%, still among Asia's highest. About 7 in 10 borrowers have limited ability to service their loans ...
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