Shafaq News/ The World Bank (WB) estimated that the two massive earthquakes of February 6 caused about $34.2 billion in direct physical damages in Türkiye, the equivalent of 4% of the country’s 2021 GDP. In its rapid damage assessment report released today, The World Bank also acknowledges that recovery and reconstruction costs will be much larger, potentially twice as significant and that GDP losses associated with economic disruptions will also add to the cost of the earthquakes. Continued aftershocks will also likely add to this damage estimate over time, says the Report. The two earthquakes have inflicted the heaviest damage in 11 provinces in southern Türkiye. These regions have some of
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