Flood damage in Thailand estimated at $327 million

Over two weeks of heavy rains and flooding in Thailand will cost the economy at least 11 billion baht ($ 327 million). Such data leads Reuters, quoting the economist of the university Rangsit Aat Pisanvanich.

According to the expert, the natural disaster will lead to a decrease in annual GDP growth by 0.3 percentage points, to 2.1%, and quarterly growth by 0.5 percentage points, to 1.7%. He believes that the economy of Bangkok and the eastern regions of the country, primarily wholesale and retail trade, will suffer most from the disaster. For its part, experts from the University of Thailand Chamber of Commerce believe that the total damage from the floods will be almost $ 370 million.

The downpours that caused the current floods began on September 16 and have not stopped. To date, eight people have died in the country, more than 580 thousand houses have been damaged, of which 52 thousand were declared a disaster regime in Bangkok on September 26, in all 50 districts. In the evacuation centers in the capital are almost 6 thousand people. The floods affected 1.7 million people across the country. According to the Ministry of Internal Affairs of Thailand, more than 80,000 people living in flooded areas are unable to leave their homes and get to safety.

Alena Miklashevskaya