28/10/2011 17:03
Floods cause 800 billion dollars damage to Thailand economy
Thailand’s central bank lowered its growth forecasts as floods began overwhelming the capital of Southeast Asia’s second-largest economy, raising the odds of an interest-rate cut in the coming months.
About 9,850 factories with an investment value of 800 billion baht have been flooded, according to Chalitrat Chandrubeksa, a deputy government spokesman, leaving 660,000 workers at risk of losing their jobs, the bloomberg.com reports.