Publication Date:
Fri, 2011-12-30 15:53
The Disaster Prevention and Mitigation department said on its Web site Friday that more than 2 million people are still effected by floods in five provinces north and west of Bangkok. The capital itself is dry.
Thailand’s worst floods in half a century also destroyed millions of tons of crops and badly damaged industrial production.
The World Bank has estimated the damage at $45 billion and recovery and reconstruction needs at $25 billion. The National Social and Economic Development Board has slashed Thailand’s economic growth forecast to 1.5 percent from 3.5 to 4 percent.
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