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EARTHQUAKE

Impact on Turkey's GDP unlikely to be as much as in 1999

Impact on Turkey's GDP unlikely to be as much as in 1999

The IMF logo at the entrance of the Fund headquarters in Washington. (Credit: AFP/File)

DUBAI — The impact of last week's earthquake on Turkey's GDP is unlikely to be as pronounced as after the earthquake that hit the country in 1999, IMF Executive Director Mahmoud Mohieldin told reporters on the sidelines of the Arab Fiscal Forum on Sunday.

Mohieldin added that, after the initial impact over the next few months, public and private sector investments in rebuilding could boost GDP growth going forward.

DUBAI — The impact of last week's earthquake on Turkey's GDP is unlikely to be as pronounced as after the earthquake that hit the country in 1999, IMF Executive Director Mahmoud Mohieldin told reporters on the sidelines of the Arab Fiscal Forum on Sunday.Mohieldin added that, after the initial impact over the next few months, public and private sector investments in rebuilding could boost GDP...