World Bank estimates earthquake in Turkey caused $34.2 billion in damage; rebuilding may cost double

The World Bank connected Monday estimated that nan monolithic earthquake successful Turkey earlier this period caused $34.2 cardinal successful harm and rebuilding from nan devastation whitethorn costs doubly arsenic much.

The estimated $34.2 cardinal comes successful nan shape of "direct damages" – an balanced of 4% of nan country's GDP successful 2021, nan World Bank said.

The betterment and reconstruction costs could beryllium perchance doubly arsenic large, according to nan bank. 

"Our acquisition is that reconstruction needs tin tally arsenic precocious arsenic 2 to 3 times nan estimated nonstop beingness damage," said Anna Bjerde, World Bank Group vice president for Europe and Central Asia.

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The monolithic earthquake caused wide demolition successful confederate Turkey and bluish Syria and killed much than 48,000 people. (Burak Kara/Getty Images / Getty Images)

Officials said GDP losses would adhd to nan earthquake's cost.

The magnitude 7.8 earthquake devastated parts of southern Turkey and bluish Syria connected Feb. 6.

The quake is estimated to person caused $34.2 cardinal successful "direct damage" successful Turkey, nan World Bank said. (IHA agency via AP / AP Newsroom)

That quake led to much than 48,000 deaths successful some countries and nan illness aliases superior harm to 185,000 buildings successful Turkey. The World Bank besides estimated that 1.25 cardinal group had been near temporarily homeless.

The World Bank said rebuilding could costs nan state double nan estimated damages. (IHA agency via AP / AP Newsroom)

AFAD's main urged group not to participate damaged buildings, saying beardown aftershocks proceed to airs a risk. More than 10,000 aftershocks person deed nan region since Feb. 6.

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On Monday, a magnitude 5.6 earthquake rocked confederate Turkey, causing much than 2 twelve already damaged buildings to illness and sidesplitting astatine slightest 1 person, authorities said.

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The slope will merchandise a abstracted study connected nan damages Syria incurred from nan quake connected Tuesday, Reuters reported.

The Associated Press contributed to this report.