Thailand is in the midst of the greatest financial and economic crisis in modern times.
Bank of Thailand Governor Sethaput Suthiwartnarueput was already on record even before the current outbreak took off in mid-June, as indicating that this crisis, because of its prolonged nature and continued uncertainty, represents a bigger one than the Financial Crisis of 1997.
The situation for the domestic economy is made even worse by the continued growth in household and, on a wider scale, private sector debt which the central bank now regards as its greatest priority