The two major earthquakes which hit Türkiye on Feb. 6 caused about $34.2 billion in direct physical damage, but total reconstruction and recovery costs facing the country could be twice as high, the World Bank said on Monday.
The bank estimates that the earthquakes would also shave at least half a percentage point off Türkiye's forecast gross domestic product growth of 3.5% to 4% in 2023, Humberto Lopez, World Bank country director for Türkiye, told reporters.
