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Flood damage estimated at Bt12.3 bn, Bangkok hardest hit
AI In-brief 29 Sept 07:02

Flood damage estimated at Bt12.3 bn, Bangkok hardest hit

  • Thailand's economy faces an estimated 12.283 billion baht in flood damage, equivalent to 0.066% of GDP, based on five days of flooding across Bangkok and 26 other provinces.
  • Bangkok, as the country's largest economic center, accounts for the highest toll at 7.014 billion baht (57% of total damage), severely impacting its commercial and service sectors through travel disruptions and reduced consumption.
  • While the initial damage is not expected to derail the overall Thai economy, it will increase pressure on second-half growth; the government is urged to implement measures including quick remedies for affected groups, improved river basin management, and continuous monitoring of essential goods.
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