Turkish Business Group Sees Quakes’ Economic Toll at $84 Billion
This article is for subscribers only.
The two massive earthquakes that killed over 24,000 people in Turkey are expected to result in an loss to the nation’s economy of over $84 billion, or about 10% of the GDP, according to estimates of a business group.
The 7.7 and 7.6-magnitude quakes on Feb. 6 are projected to have caused about $70.8 billion of damage to residential buildings and a further $10.4 billion loss in national income, the Turkish Enterprise and Business Confederation said.