At $34 billion, the World Bank estimates the cost of property damage left by a magnitude 6 earthquake.her February in Turkey
#VIOLATION World Bank estimates damage from earthquake in Turkey at $34 billion pic.twitter.com/iz41ujyBIS
— AFP News Agency (@AFP) February 27, 2023
Two devastating earthquakes that hit southeast Turkey earlier this month caused $34.2 billion in property damage, equivalent to about 4% of Turkey’s GDP in 2021, according to a World Bank preliminary estimate.
However, according to the same estimate, the total cost of reconstruction for the country could be twice as much.
According to Reuters, Bloomberg
Source: Kathimerini
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