Bloomberg News

Thai Floods to Cost Economy $1.9 Billion, Moody’s Analytics Says

October 11, 2011

Oct. 11 (Bloomberg) -- Thailand’s flooding will probably cost the nation’s economy $1.9 billion, Fred Gibson, an associate economist at Moody’s Analytics, said in a note today. The inundation will disrupt industrial production and increase near-term inflation, he said. Moody’s Analytics kept its Thai economic growth estimate at 3.7 percent for 2011 and 3.9 percent in 2012.

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