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Reuters
Reuters
Business
By Orhan Coskun and Nevzat Devranoglu

Earthquakes to disrupt Turkey's growth, stretch budget as Erdogan heads to elections

People search for survivors at the intensive care unit of the Iskenderun collapsed state hospital following an earthquake in Iskenderun, district of Hatay, Turkey, February 7, 2023. REUTERS/Benoit Tessier

Massive earthquakes in Turkey will add billions of dollars of spending to Ankara's budget and cut economic growth by up two percentage points this year, officials and economists said, as the government faces huge rebuilding ahead of tight elections.

Nearly 10,000 people were confirmed to have been killed in northern Syria and southern Turkey by earthquakes that struck on Monday, leaving a trail of destruction across the region.

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