Earthquake in Colombia may affect GDP by 0.27 percentage points

On August 10, a strong earthquake struck Colombia, resulting in severe structural damage and economic repercussions. According to a study, this event may lead to a decrease of 0.27 percentage points in the country's Gross Domestic Product (GDP) growth.

The earthquake caused significant damage in various areas, leaving over 150,000 homes damaged. Furthermore, nearly 600 buildings collapsed, contributing to a housing crisis in some regions.

Particularly affected were the five departments where the damage was most intense. These departments, which account for 14.5% of the national GDP, are now facing additional economic challenges due to the destruction caused by the earthquake.

The local economy in these areas heavily relies on reconstruction and the measures that will be implemented to mitigate the effects of the disaster. The government and local authorities are assessing urgent needs and planning recovery actions.

The economic implications of the earthquake are not limited to the immediate loss of infrastructure but also impact employment and basic services for the populations in these regions. The main affected cities are mobilizing resources to restore essential services.

So far, the study that predicts the reduction in GDP growth is the latest assessment of the earthquake's effects, highlighting the severity of the economic impact. Authorities continue to monitor the situation and implement measures to assist the affected populations.