PIER: Misplaced capital hampers Thai economy and | thailandedition

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PIER: Misplaced capital hampers Thai economy and SME loans

PIER: Misplaced capital hampers Thai economy and SME loans

Thansettakij•Economy•14h ago

Reader Briefing

PIER research reveals Thai economic growth has been low for two decades due to the misallocation of capital.

•PIER identifies the economic problem as misplaced capital rather than a lack of capital.
•Over 75% of loans are concentrated within large businesses.
•SMEs receive only 25% of loans and face an average interest rate of 7.8%.

Overview

•PIER released research focusing on the structure of Thai capital allocation.
•PIER states the Thai economy has grown low for two decades because capital is misplaced.
•PIER asserts the economic issue is not that there is too little capital, but that capital is in the wrong place.
•Over 75% of loans are concentrated in large businesses.
•SMEs receive only 1 in 4 of the loans.
•SMEs are charged an average interest rate of 7.8%.

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Key Quotes

PIER

"capital is in the wrong place"

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Key Entities

Organization

PIER

The organization that released research on the structure of Thai capital allocation.