Russia

USGS estimates potential losses from quake in Venezuela at from 2 to 20% of GDP

TASS English · 2026-06-25

AI SUMMARY

• What happened: The US Geological Survey (USGS) reported that potential damage from a recent powerful earthquake in Venezuela could range from 2% to 20% of the country's GDP, with warnings of high casualties and widespread destruction. • Why it matters: The estimated economic impact highlights the vulnerability of Venezuela's economy, which is already facing significant challenges, and raises concerns about humanitarian needs in the aftermath of the disaster. • What to watch next: Monitor updates on the recovery efforts in Venezuela, including government responses and international aid initiatives, as well as any changes in the economic forecasts following the earthquake.

Natural DisastersUSGS estimates potential losses from quake in Venezuela at from 2 to 20% of GDP The US authority also warned about probable high casualties and widespread damage© AP Photo/ Ariana CubillosWASHINGTON, June 25. /TASS/. Potential damage from Wednesday’s powerful earthquake in Venezuela may range from 2 to 20% of the country’s GDP, according to the US Geological Survey (USGS). It also warned about probable high casualties and widespread damage. 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Source: TASS English
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