Flood waters in Bangkok and across Thailand are finally receding, after months of what eventually became the worst flooding in the country in 50 years.

Nearly 400 people have been killed since the flooding began in July, and over 2.3 million people have been affected. The agrarian regions in the north have been damaged, and while most of Bangkok remained dry, outlying areas are still swamped with as much as seven feet of water.

With farmland inundated and industrial areas in Bangkok submerged, Thailand is already projecting an economic loss for next year. The Thai central bank is predicting that year-end gross domestic product (GDP) growth will fall from 4.1 percent to 2.6 percent, according to The Financial Times.

Thailand is the world's top rice exporter, but the flood has damaged crops. Additionally, with more than 1,000 factories closed, the floods have caused an international shortage in hard drives and some car parts.

More coverage of the Thailand floods can be found here.