Consumer debt clouds outlook for Thai car sales, tourism

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BANGKOK — Urgent problems for Thailand’s next government were highlighted in half-year earnings posted late last week by the country’s biggest banks, who warned of the uneven economic and limited tourism recovery, and downward pressure on consumption from high living costs and debt burdens. 

Car sales saw pronounced effects from the persistent debt crunch, with auto loans seeing the fastest rise in delinquent payments. Kiatnakin Phatra Bank, where hire purchase loans comprise…

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