The recent widespread flooding has severely rocked confidence in Thailand's economy and changed investors' long-standing perception of the country as disaster-free.
More than 1,000 plants in seven industrial estates in affected areas have stopped production since October, and the impact of the deluge has spilled over to the global supply chains of the electronics and automobile industries.
The temporary closure of factories has curtailed production and exports, having a drastic impact on the economy in 2011. The Fiscal Policy Office (FPO) has revised the economic growth forecast to 1%, down from 1.7% in the early phase of flood in Ayuthaya province and from 4.5% at the beginning of 2011.
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