How will the great Turkey earthquake affect the country’s economy?

With the help from all over the world, the wounds began to heal. Finally International Monetary Fund (IMF) announced the impact of the earthquake on the Turkish economy.

IMF Executive Director Mahmoud MohieldinAt the press conference, the Kahramanmaraş earthquake Turkey’s Gross Domestic Product He talked about the impact it will have on (GDP). Mohieldin, 1999 He said that it is unlikely to be as effective as the Gölcük earthquake in 2007.

He added that public and private sector investments in reconstruction in the coming months could boost GDP growth going forward. August 17, 1999The 7.4 magnitude Gölcük earthquake in Turkish Industrialists and Businessmen Association It is worth noting that it caused a loss of 17 billion dollars according to (TÜSİAD).

TUSIADpublished the 2023 Kahramanmaraş Earthquake Disaster Status Report. In this report, for $70.75 billion housing loss, 10.4 billion dollars of national income loss and 2.9 billion dollars of labor loss are predicted.

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