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 programme to "make the country stand up again".
The earthquake's impact on gross domestic product is unlikely to be as pronounced as after the 1999 earthquake in northwest Turkey, which struck the industrial heartland, IMF Executive Director Mahmoud Mohieldin said on the sidelines of the Arab Fiscal Forum on Sunday. The government forecast growth at 5% in 2022 and had estimated growth at 5.5% in 2023 before the quake.
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