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Turkey’s Earthquake: Making Sense of the Human and Economic Toll

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Turkey’s Earthquake: Making Sense of the Human and Economic Toll

 

  • At the end of the first week after Turkey’s hellish earthquake, estimates of human toll rose to 50K, while one report claimed total loss could be as high $84bn.

 

  • This analysis attempts primarily to make sense of conflicting claims and definitions of “loss”.

 

  • It appears that the pessimistic projections are closer to the reality.

 

  • A bitter fate awaits the survivors, as government aid efforts are inadequate and hampered by political infighting.

 

  • The political landscape can be drastically altered by the huge death toll and wide-spread accusations of Erdogan failing to respond to the calamity in a timely manner.

 

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