The earthquake in Turkey and Syria is having devastating effects.
It is estimated that the damage caused is costing countries billions.
Turkey/Syria – The economic damage from the recent earthquake in Turkey and Syria is devastating.
The damage caused by the quake could amount to billions of dollars, says the rating agency Fitch.
The actual damage is still difficult to estimate because the situation is constantly changing.
However, the New York rating agency expects the damage to be at least $2 billion and even up to $4 billion or more.
Destroyed buildings in Hatay, Turkey: The total economic damage from the earthquake will be in the billions.
© IMAGO/Tunahan Turhan
However, Fitch only estimates insured losses at around $1 billion because many buildings in the area were uninsured.
The number of dead has now exceeded 17,500, according to authorities in both countries.
List of rubrics: © IMAGO/Tunahan Turhan