Thai Chamber of Commerce estimates 20-billion-baht in economic damage due to flash floods

[snoop1130]

PHOTO: Prachachat

 

The University of the Thai Chamber of Commerce (UTCC) estimates an economic loss of more than 20 billion baht and a drop of GDP of 0.15 percent due to the continued flash floods in many areas across the country this month.

 

UTCC President Thanavath Phonvichai revealed to the Associated Press on Wednesday, October 12th, that the Consumer Confidence Index in September has improved from 43.7 to 44.6 for the fourth consecutive month and is the highest in the past eight months, however, the number is still below a medium of 100.

 

The majority of the public believed that the Thai economy has not yet recovered, as shown in the overall economic confidence index which remains at 38.6, and the confidence index about future income which is at 53.3. All of them are below the medium, the president stated.

 

Full Story: https://thepattayanews.com/2022/10/12/thai-chamber-of-commerce-estimates-20-billion-baht-in-economic-damage-due-to-flash-floods-in-industrial-areas-in-thailand/

 

-- © Copyright The Pattaya News 2022-10-12

 

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[RichardColeman]

Wonder how much will come out of the military budget to help pay those effected

[mikebell]

10 hours ago, snoop1130 said:

estimates an economic loss of more than 20 billion baht

How much was spent on flood defences last year?

[lujanit]

The worse is yet to come.

 

 

[hotchilli]

4 hours ago, RichardColeman said:

Wonder how much will come out of the military budget to help pay those effected

Zero is my guess.