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Thai media evaluation Thailand flooding economic comprehensive effect of econom

November 4 the Bangkok post published Thailand Militaty Bank (TMB Bank) analysis report, by November 3,continuous flooding has led to  killed more than 437 people, 63 provinces, more than 3 million families affected, hundreds of thousands of people  evacuated from their homes. In the economic area, manufacturing output of Thailand 22% of the industrial city of big sophisticated and swallow, and his house was flooded. And in order to keep the central city XiangDongXi Bangkok on both sides of the flood diversion, will make suburban industrial zone face greater threat.
This article thinks that Thailand floods have not only is Thailand's economic problems, as the important part of the global manufacturing industry chain, international economic also drag down by certain degree, the two big industry involved: one is the automobile manufacturing. Thailand is the world's twelfth largest producer in the car, and closely linked to global car production, a large number of Japanese and American automobile spare parts manufacturing enterprise distribution in the Thai central regions, by flood threat, Honda potential manufacturing/remanufacturing is first a submerged foreign enterprise; Two is a hard disk drive industry. Thai computer hard drive 25% of the world's total output, the last three or four years hard disk giant world in Thailand accumulative total investment 65 billion baht, currently the world's largest maker of hard WESTERN DIGITAL (WESTERN DIGITAL) in Thailand's production base 60% are flooded and Toshiba in the Thai production base have also been affected.
Other domestic industry, according to the ministry of industry statistics, the worst affected are the drinks industry, some famous brand such as Coca-Cola, nestle in Thai enterprises such as the damage rate was over 60%; Next is the electronic industry, 30% already damaged, and 13% in the face of danger; 26% of the rice flooded areas, because of the flood happened in rice harvest season, the loss is grim. In addition, the raw materials of industry, paper making, textile and clothing industries of the damaged rate between 20% and, because most of these industry distribution in Bangkok suburb, will face more and more risk loss.
The report said, according to government and private research organization estimates, flooding the direct economic losses brought about 200 billion baht, accounting for about 2% of annual GDP in Thailand. This year economic growth is expected to four quarter fell to 0.5% next year, 1.5% in the first quarter. But, after the reconstruction demand, in the second quarter of next year is expected to start comprehensive economic recovery.



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