Earthquake could cost Turkey up to $111b: Business group

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A government official put the figure at more than US$50 billion. Read more at straitstimes.com.

has left a trail of destruction that could cost Ankara up to US$84.1 billion , a business group said, while a government official put the figure at more than US$50 billion.

President Recep Tayyip Erdogan has said the state will complete housing reconstruction within a year and the government was preparing a programme to “make the country stand up again”. Mr 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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