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Thailand facing up to hefty cost of floods

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Thailand facing up to hefty cost of floods


The worst may be over but Thailand is now bracing for a clean-up bill running well into billions of euros after floods devastated much of the country.

Reconstruction and compensation are only part of the problem. Experts say Thailand may have lost a huge amount of potential investment and that calculating the true cost of the disaster could take years.

The prime minister has warned of a possible 2.5 per cent drop in GDP growth. Manufacturing was hit hard, as was tourism. One travel agent said that since the floodwaters swept into Bangkok her business has not had one single customer.

The damage to airports and infrastructure could not have come at a worse time. The tourism high season is just getting under way.

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