Terrifying statement from the World Bank: They announced the damage of the earthquake
The country director of the World Bank in Turkey, Humberto López, made statements…
Making a statement after the earthquake disaster that rocked Turkey, Lopez announced that the toll of the disaster was double what was expected.
“The direct physical damage from the earthquake disaster in Turkey is $34.2 billion, but the total cost of reconstruction and recovery could double,” Lopez said. López said the earthquake also lowered the forecast for GDP growth by about 0.5 percentage points, adding that it could drop from 4 percent to 3.5 percent.
World Bank Group Vice President for Europe and Central Asia Anna Bjerde, on the other hand, claimed that the destruction was too great in Syria and announced that they will announce separate earthquake damage estimates for Turkey and Turkey tomorrow.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
