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With a debt mountain of 12.17 trillion THB (372 billion USD), or 77.6 percent of the national GDP at the end of March, Thai households are among the biggest borrowers in Asia, and they find it difficult to keep up with payments.

The National Legislative Assembly (NLA) of Thailand approved the national strategy bill on June 22.

Thailand’s economy is expected to recover in 2017 with an estimated growth rate of 3.4 percent, higher than last year’s estimated 3.3 percent.

Thailand’s Ministry of Transport said the long-delayed Thailand-China high-speed train project is likely to be considered in details before a full report on the project can be submitted to the cabinet

Thailand’s economic growth slowed in the third quarter following the death of its King Bhumibol Abdulyadej, according to data published by the Thai National Economic and Social Development Board

Thai police on August 24 reported that one person died and 30 others were injured in two explosions near Southern hotel in Pattani town in the southern region on the night of August 23.

Thailand’s economy will grow at a rate of less than three percent this year, according to the country’s financial experts.

Thailand’s Gross Domestic Product (GDP) growth posted 3.2 percent in the first quarter of this year, the highest rate in the past three years.

Thailand’s economy grew by 3.2 percent in Q1 of 2016 compared to the same period last year thanks to government spending and tourism, the National Economic and Social Development Board said.

Thailand’s economy grew faster in the third quarter of 2015 than previous forecasts thanks to the government’s economic stimulus package and higher-than-expected number of inbound tourists.

Thailand’s National Economic and Social Development Board (NESDB) has lowered the country’s predicted economic growth rate for this year to 2.7-3.2 percent from the previous 3-4 percent.