Earthquake could cost Turkey up to $84 billion – business group

ANKARA, Turkey – Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to $84.1 billion, a business group said, while a government official put the figure at more than $50 billion.

President Tayyip Erdogan has said the state will complete housing reconstruction within a year and the government was preparing a program to “make the country stand up again.” Mohieldin added that, after the initial impact over the next few months, public and private sector investments in rebuilding could boost GDP growth going forward.

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