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Thailand Floods May Cut Fourth-Quarter GDP by 1%, Kasikorn Says
2010-10-26 11:26:47.145 GMT
By Supunnabul Suwannakij
Oct. 26 (Bloomberg) -- Thailand's most severe floods in
five decades may cut the nation's gross domestic product in the
fourth quarter by 1 percent and reduce expansion for the full
year by 0.24 percent, according to a research unit of
Kasikornbank Pcl.
The floods may cause as much as 24 billion baht ($802
million) of damage, Kasikorn Research Center said in a statement
today. Thailand's growth this year is estimated to be 6.8
percent, with fourth-quarter expansion of 1.1 percent, it said.
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To contact the reporter on this story:
Supunnabul Suwannakij in Bangkok at +66-2-654-7324 or
ssuwannakij@bloomberg.net
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Tony Jordan at +66-2-654-7323 or
tjordan3@bloomberg.net
