The tsunami that has devastated coastlines around the Indian Ocean, now known to be one of the worst natural disasters ever, could cost as much as $14 billion and economists have begun to revise down some growth estimates. Early indications on Thursday were that the calamity could shave 0.7% from Thailand’s economic growth and in less developed but harder-hit areas such as the Maldives the disaster is seen lopping as much as 4% off growth.
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