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Asharq Al-Awsat
Asharq Al-Awsat
World
Ankara - Asharq Al-Awsat

Türkiye Earthquake Could Cost $4b in Economic Losses

Fitch Türkiye Fitch Ratings Bonds Insurance Istanbul
Rescue teams near a collapsed building in the city of Kahramanmaras, southeastern Türkiye, as a result of a devastating earthquake. (EPA)

Fitch Ratings said insurable economic losses following the quakes (in Türkiye) could exceed $4 billion.

"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.

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