The impact of this week’s earthquake in southeast Turkey on that country’s economy will be significant. Yet Turkey’s economy is now stronger than during the previous big 1999 earthquake near Izmit. This was stated by the directors of the IMF during a financial summit on the Arab world.
Economic impact
IMF chief Kristalina Georgieva noted that the earthquake in Turkey and Syria “brought a huge tragedy.” And the earthquake also has “a very significant impact on the Turkish economy,” according to Georgieva.
Mahmoud Mohieldin, who is the think tank’s executive director, said that the Turkish economy will not be hit as hard as it was in 1999. After the initial blow, public and private investment to rebuild the affected area will boost the economy even harder. he thinks.
Victims
Following Monday’s earthquakes, many buildings collapsed. The death toll in Turkey and Syria has now risen to more than 28,000, with many more injured and homeless. The UN expects the number of victims to exceed 50,000.
Six days after the devastating earthquakes, rescuers are still pulling survivors out from under the rubble. The Dutch search and rescue team USAR is looking for survivors in the Turkish city of Hatay for the last time today. Since arriving in Turkey, Dutch rescue seekers have rescued 12 people and a dog.
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
