Severe floods in Thailand

Floods in Thailand have killed more than 300 people, inundated 1,000 factories (including those owned by Toyota, Western Digital, swamped large areas of agricultural land, and forced growth forecasts to be cut by around half (from 3.7% to just over 2%).

Regional supply chains for companies including Apple have also been disrupted.

Costs of clean up and rehabilitation are expected to increase the government’s fiscal deficit for the year by around 15% or $1.6bn.

http://www.ft.com/cms/s/0/2e1883fa-fa54-11e0-b70d-00144feab49a.html

 

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