JPMorgan says direct costs could amount to 2.5% of the country’s GDP Direct costs from the earthquakes that devastated Türkiye earlier this month could amount to $25 billion, JPMorgan estimated on Thursday. Analysts at the bank warned that the damage “carries meaningful economic implications,” and roughly equates to 2.5% of the country’s GDP. JPMorgan said it expects the Turkish central bank to cut interest rates by another 100 basis points to 8% at a meeting next week, noting that the authorities signaled further cuts even before the earthquakes. “We do not rule out more rate cuts ahead of the elections originall
Hence then, the article about analysts estimate cost of turkiye quake damage was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Analysts estimate cost of Türkiye quake damage )