Thailand May Cut Growth Forecast on Flooding, Kittiratt Says

Oct. 7 (Bloomberg) -- Thailand may cut its forecast for economic growth this year because of damage caused by the nation’s worst flooding in more than half a century, Deputy Prime Minister Kittiratt Na-Ranong said.

“We need to prevent flooding from two key industrial parks in Ayutthaya,” Kittiratt told reporters today in Bangkok.

Thailand’s National Economic and Social Development Board forecasts economic growth this year of between 3.5 percent and 4 percent.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net