Cost of Flood Thailand 45 Billion U.S. Dollars
http://dervishcom.blogspot.com/2011/11/cost-of-flood-thailand-45-billion-us.html
World Bank (WB) said the cost of losses due to floods in Thailand reached 45 billion U.S. dollars. According to news Bangkok Post on Saturday (26.11.2011), because of losses that, in view of the WB, Thailand's economic growth slumped to 2.4 percent per year position.
According to the WB Regional Director Annette Dixon in a chance meeting with Chairman of the Strategic Committee for Reconstruction and Development Future Virabongsa Ramangura in Bangkok Thailand, property sector experienced a loss of about 21.11 billion U.S. dollars. Meanwhile, the sector also lost the opportunity of up to 22 billion U.S. dollars.
"Thailand's economic growth fell from 3.6 percent a position to position," added Dixon.
Previously, the Economic and Social Development Board of Thailand (NESDB) said this year, in the fourth quarter, Thailand's economic growth rate slipped to 3.7 percent from the initial prediction before the catastrophic flooding of 5 percent.
Until now, the death toll of floods in Thailand since mid-July, reaching 600 people. Floods create 10 million Thais suffer because of the direct impacts that occur.
According to the WB Regional Director Annette Dixon in a chance meeting with Chairman of the Strategic Committee for Reconstruction and Development Future Virabongsa Ramangura in Bangkok Thailand, property sector experienced a loss of about 21.11 billion U.S. dollars. Meanwhile, the sector also lost the opportunity of up to 22 billion U.S. dollars.
"Thailand's economic growth fell from 3.6 percent a position to position," added Dixon.
Previously, the Economic and Social Development Board of Thailand (NESDB) said this year, in the fourth quarter, Thailand's economic growth rate slipped to 3.7 percent from the initial prediction before the catastrophic flooding of 5 percent.
Until now, the death toll of floods in Thailand since mid-July, reaching 600 people. Floods create 10 million Thais suffer because of the direct impacts that occur.
