According to Credit Suisse, Thailand has had the world’s fifth-worst per-household wealth performance in the world from 2013 to 2014.
The report says Thai wealth has contracted more than 7%. Only Turkey, Indonesia and the basket-case nations Argentina and Ukraine have performed worse.
So what could have resulted in such a dramatic decrease?
- Well 2012 was a banner year (floods pushed demand to 2012 and pro consumer spending measures) but a high amount of consumer debt was taken on
- 2013/4 – No real need for explanation, politics delayed everything, soft commodity prices are weaker etc etc.
Source: Credit Suisse