Story perspectives
Bangkok Floods Cut Thailand Growth, Officials Declare Office Holidays
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Story summary
- Prime Minister Anutin Charnvirakul declared holidays for government offices as Bangkok floods inundated the city.
- More than 12 inches of rain fell in Bangkok from Friday, matching the city’s typical September total.
- Economists estimate floods could shave 0.025-0.05 percentage points off growth, costing about 5-10 billion baht.
- Rangsit University economist Aat Pisanwanich projects a 0.23% Q3 output cut, led by retail losses.