The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.
PARIS, France –
More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria on Monday, and the toll is expected to rise as rescuers comb the rubble for survivors. “Economic losses are hard to estimate as the situation is evolving, but they appear likely to exceed” $2 billion and could reach $4 billion “or more”, Fitch Ratings said.
Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, it added.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Death toll from Syria-Turkey quake nears 10,000“We haven’t seen any food distribution here, unlike previous disasters in our country. We survived the earthquake, but we will die here due to hunger or cold here.”
Read more »
Turkey-Syria quake toll tops 7,300Rescuers in Turkey and Syria battled bitter cold Tuesday in a race against time to find survivors under buildings flattened by an earthquake that killed more than 7,300 people.
Read more »
World powers rush to offer Turkey, Syria aid over quakeCountries around the world have mobilised rapidly to send aid and rescue workers after a massive earthquake killed more than 5,000 people in Turkey and Syria.
Read more »
Turkey-Syria quake toll tops 7,800 as rescuers battle coldSanliurfa, Turkey — Rescuers in Turkey and Syria battled bitter cold Tuesday in a race against time to find survivors under buildings flattened by an earthquake that killed more than 7,800
Read more »
UNESCO sounds alarm over quake damage to Turkey, Syria heritageThe UN’s cultural agency UNESCO said on Tuesday it was ready to provide assistance after two sites listed on its World Heritage list in Syria and Turkey sustained damage in the devastating earthquake.
Read more »
Turkey, Syria quake could affect up to 23 mn: WHOUp to 23 million people could be affected by the massive earthquake that has killed thousands in Turkey and Syria, the WHO warned on Tuesday, promising long-term assistance.
Read more »