World Bank estimates 6 February earthquakes caused $34.2bn in damage in Turkiye
The two major earthquakes which hit Turkiye on 6 February caused about $34.2 billion in direct physical damage, but total reconstruction and recovery costs facing the country could be twice as high, the World Bank said on Monday, Reuters reports. The Bank estimates that the earthquakes would also shave at least half a percentage point off Turkiye's forecast gross domestic product growth of 3.5 per cent to 4 per cent in 2023, Humberto […]
