May 11, 2025
Trending News

$34.2 billion damage from earthquakes in Turkey: World Bank

  • February 27, 2023
  • 0

Two strong earthquakes in Turkey on February 6 caused some $34.2 billion in direct physical damagebut the total costs of reconstruction and restoration faced by the country can

.2 billion damage from earthquakes in Turkey: World Bank

Two strong earthquakes in Turkey on February 6 caused some $34.2 billion in direct physical damagebut the total costs of reconstruction and restoration faced by the country can be doubled The World Bank announced this on Monday.

Humberto Lopez, WB director for Turkey, told the press that earthquakes will also reduce forecast growth Turkey’s gross domestic product, which will be between 3.5% and 4% in 2023.

The situation in Syria, also affected by earthquakes, was difficult. “really disastrous” said Anna Bjerde, World Bank Group Vice President for Europe and Central Asia. The organization will release a separate damage assessment in Syria on Tuesday.

Photo: Reuters

Bjerde pointed out that Turkey’s initial express estimate of $34.2 billion in damages andequivalent to about 4% of its economic output in 2021, but this does not include indirect or secondary impacts on its growth, nor does it include the most recent earthquake, which occurred a week ago.

“Our experience tells us that renovation needs can become two to three times the estimated direct physical damage.”he claimed.

The earthquakes of magnitude 7.8 and 7.5 on February 6, the deadliest in Turkey’s modern history, killed more than 50,000 people.

Photo: Reuters

According to the WB, after telluric motions there were more 7500 aftershocks, It is the largest such disaster in Turkey in more than 80 years.

The WB GRADE (Global Rapid Estimate of Disaster Damage) report estimates that 1.25 million people were left homeless due to damage or complete collapse of their homes.

Reuters

Source: Aristegui Noticias

Leave a Reply

Your email address will not be published. Required fields are marked *