Earthquake in Turkey and Syria

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Possible effects of the recent earthquake in Turkey by the European Bank for Reconstruction and Development (EBRD) said in a report published on Thursday.

The bank said this is a "sensible estimate" due to the probable improvement from rebuilding efforts advanced this year, which will balance the damaging impact on supply chains and infrastructure.

"The earthquake affected to a large extent agricultural areas and areas where there is light manufacturing, so spillovers to other sectors are limited," European Bank for Reconstruction and Development chief economist Beata Javorcik told Reuters.

Turkey and neighboring Syria have been shocked by a shocking earthquake on Feb. 6 which executed more than 41,000 people and left millions in need of charitable aid, with many survivors having been left displaced in the near-freezing winter season.

 The probable economic effects of the earthquake in Turkey could result in a loss of up to 1% of the country's gross national growth this year.

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