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The Impact of 2011 Floods on Thailand's Economy and Consumer Debt

In 2011, Thailand faced devastating floods that significantly impacted the economy and consumer confidence. These floods prompted the Thai government to implement programs like tax rebates and auto-buyer incentives, resulting in 1.2 million vehicle sales and increased consumer credit. However, private banks were advised to limit advertising, leading to a paradox of rising household debt amid government interventions. The situation was compounded by global economic factors and rising consumer spending, raising concerns over debt repayment and overall economic stability.

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The Impact of 2011 Floods on Thailand's Economy and Consumer Debt

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  1. You have five minutes in your group to come up with a story. At the end of the five minutes everyone in your group will present the story to the class. NOW 2011

  2. Find your actors ( person, place, concepts) What actions are your actors doing or receiving? Who is affecting who? Is this fact relevant to the question

  3. private banks government Thai government Companies investors consumers Economy China

  4. Paragraph 4 and 5. • Action doing? • auto-buyer program & tax rebates • 1.2 million vehicles sold • increased consumer credit growth Thai government • Action receiving? • flood affected economy in 2011 consumers Economy

  5. Action doing? • sales to credit card holders • Action doing? • package deals for credit card holders Companies consumers Economy Paragraph 6

  6. private banks government • Action doing? • 40% credit per each household • Action receiving? • told to not advertiseto consumers (pp7) • Action doing? • 30% credit • Agriculture • Housing Paragraph 4 consumers Economy

  7. Paragraph 7 Thai government government Flood happens 2011 government programs to spend consumers spend to much government bank telling private bank to not advertise. Thai government Thai government • Bank of Thailand • Action doing? • telling commercial banks to ease up on advertising private banks consumers Economy

  8. private banks government consumer confidence Thai government • Action doing? • slowing down (pp7) • GDP down 2.2% global economic problems Companies consumers Economy Paragraph China

  9. private banks government Thai government Companies investors consumers Economy China

  10. consumer spends too much (p2, p8, p9) poor consumers might not pay back the debt (p8) Chinese & global economies affecting consumer confidence (p7/p8) government banks tell private banks to ease up on advertising for personal loans. (p9) flood happens (p4/p5) gov spending programs & tax rebates (p4/p5) hotels/shopping mall credit card discounts ( p6 ) government & private bank lending programs p4) NOW 2011 What are the reasons that have resulted in the increase of household debt in Thailand.

  11. consumer spends too much (p2, p8, p9) poor consumers might not pay back the debt (p8) Chinese & global economies affecting consumer confidence (p7/p8) government banks tell private banks to ease up on advertising for personal loans. (p9) flood happens (p4/p5) gov spending programs & tax rebates (p4/p5) hotels/shopping mall credit card discounts ( p6 ) government & private bank lending programs p4) NOW 2011 What are the risks or dangers that the economy is currently facing?

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