Turkey earthquake could result in loss of up to 1% of GDP ...Kuwait

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Turkey earthquake could result in loss of up to 1% of GDP
The potential economic effects of the earthquake in Turkey could result in a loss of up to 1% of the country's gross domestic product this year, the European Bank for Reconstruction and Development (EBRD) said in a report published on Thursday. The bank added this is a "reasonable estimate" due to the expected boost from reconstruction efforts later this year, which will offset the negative impact on infrastructure and supply chains. "The earthquake affected to a large extent agricultural areas and areas where there is light manufacturing, so spillovers to other sectors are limited," EBRD chief economist Beata Javorcik told Reuters. Turkey and neighbouring Syria have b

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