Reuters shared the expected economic impact of the earthquakes according to the expectations of the government source and economists.
Two major earthquakes in Kahramanmaraş caused great destruction in 10 provinces and according to official figures More than 40 thousand citizens caused his death. While the plans for the rebuilding of the cities had begun, the economic impact of this destruction was also a subject of discussion.
Opinions by Reuters from a government official and four economists painted an alarming picture. Reuters, earthquake will force inflation to stay above 40%.to the economy 50 billion dollar impact would be expressed.
House, food and service prices will not fall much in the coming months:
The fact that inflation will remain at high levels means that the cost of living will not fall at the level of expectations in the coming months. Inflation, which is expected to decrease to 35-40% until June before the earthquake, is expected to decrease according to the new estimates. 42-46% will take place.
“It’s not easy to finish the year with today’s budget”
The government official, who did not want to share his name, told Reuters:Completing the year with the current budget does not seem easy. Additional budget will be needed.” he declared.
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Source :
https://www.reuters.com/world/middle-east/earthquake-will-keep-turkish-inflation-above-40-additional-budget-needed-2023-02-23/