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

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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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.