Thai Flood Damage Reaches 320 Million
Floods hit Thailand, especially in Bangkok, as a result of heavy rainfall totaling around 320 mm over three days. This led to the death of 8 people and damage to more than 580,000 homes. The floods caused neighborhoods in the city to flood and disrupted the drainage system, resulting in economic losses estimated at $327 million. It is expected that these floods will reduce the economic growth for 2026 by approximately 0.3%, bringing it down to 2.1%. Additionally, the floods prompted evacuations and partial closures. Experts anticipate that their impact on the economy and local development will continue if conditions do not improve.
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