JPMorgan estimates direct earthquake damage to Turkey at $25 billion
The death toll in both countries has already risen to 41,000
The amount of direct damage to Turkey's infrastructure as a result of the devastating earthquake could cost the country 2.5% of GDP, or $25 billion, and there is a possibility that the amount will increase.
Source. This was announced on Thursday by the American financial conglomerate JPMorgan.
Details. The total death toll from the February 6 aftershocks in Turkey and Syria has exceeded 41,000.
Millions of people are still waiting for humanitarian aid, many of the survivors are homeless, and the temperature in the region is close to freezing.
Background. Agriculture has been the most affected sector of the Turkish economy – and the whole world, including Ukraine, will feel it.
Read more about this in Mind's article "Agrarian shift: how the disaster in Turkey will affect the global food market".
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