Floods Increase Downside Risks To Domestic Demand Outlook

Consumer-facing sectors in Thailand are coming under greater pressure from recent floods in the country. We are acknowledging growing downside risks to our domestic demand outlook for Thailand in the coming quarters. The tourism and retail sectors are expected to bear the brunt of the flood catastrophe. To put things into perspective, retailers and logistics suppliers are facing distribution challenges in the flood-affected areas while panic buying is already occurring, underlining the severity of the floodwater impact on the retail sector.

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