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

Today 07:02Key points summarised by AI

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.