Colombia Earthquake Economic Impact

The earthquake with a magnitude of 7.4 in Colombia resulted in the death of 280 people and injured over 4,000, with 143 individuals reported missing so far. The quake caused widespread landslides, destruction of buildings and markets. The initial economic losses are estimated at around $9.58 billion, including damage to buildings and infrastructure valued at approximately 30 trillion pesos (about $9.6 billion). The government expects these figures to change as damage assessments are completed, and confirms that major damages are still being evaluated. The new president is leading efforts for relief and reconstruction.

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