<p>The earthquake that has devastated <a href="https://www.deccanherald.com/tag/turkey-syria-earthquake" target="_blank">Turkey and Syria</a> could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.</p>.<p>More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria on Monday, and the toll is expected to rise as rescuers comb the rubble for survivors.</p>.<p>"Economic losses are hard to estimate as the situation is evolving, but they appear likely to exceed" $2 billion and could reach $4 billion "or more", Fitch Ratings said.</p>.<p>Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, it added.</p>
<p>The earthquake that has devastated <a href="https://www.deccanherald.com/tag/turkey-syria-earthquake" target="_blank">Turkey and Syria</a> could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday.</p>.<p>More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria on Monday, and the toll is expected to rise as rescuers comb the rubble for survivors.</p>.<p>"Economic losses are hard to estimate as the situation is evolving, but they appear likely to exceed" $2 billion and could reach $4 billion "or more", Fitch Ratings said.</p>.<p>Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, it added.</p>