Thailand seeks balance between growth and debt

Thailand seeks balance between growth and debt –, August 29, 2013
…As most of the measures set out by the government target business development rather than ramping up domestic consumption, the impact on private debt and the risk of higher levels of NPLs should be limited. However, apart from the commitment to fast track the release of funds from the budget, especially those set aside for infrastructure and development projects, many of the other measures may take time to implement in full and longer still before they have an impact. As such, the effects of the government’s stimulus programme are more likely to be felt late in the year or into 2014, meaning the package may not bring the short-term boost to growth hoped for it.

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