Thailand flooding has devastating effect on major industries
- 4.1% the projected growth forecast in Thailand prior to the floods
- 2.6% the projected growth forecast after the devastating floods source
» A harsh effect, a long reach: With the Thailand floods causing billions of dollars in damage and putting numerous people out of work, Among other industries, the auto industry and the computer industry could suffer significantly due to the Thai flooding. Hard drives could rise in price by up to 40 percent, and car manufacturing plants as far away as North America have had to shut down as a result of the floods — and it’s so bad, some companies are considering sending Thai workers to Japan to continue their work. Many expect the drop in Thailand’s growth forecast to be a sign that the country plans to enact measures to support the economy.
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