Could Venezuela's deadly earthquakes harm its redevelopment

The United Nations on Saturday estimated that the twin earthquakes that struck Venezuela caused US$6.7 billion in physical damage, equivalent to 6% of GDP.The preliminary assessment is based on seismic modeling, satellite imagery and population data. It accounts for losses to assets including housing but does not cover wider economic disruption from Wednesday’s disaster, the UN Development Programme said in a statement.UNDP said that the back-to-back quakes hit major population and economic centers near Venezuela’s northern coast, including the capital Caracas and the states of La Guaira, Carabobo, Miranda, Yaracuy and Aragua.Become a supporter of this podcast: https://www.spreaker.com/podcast/today-explained--6659607/support.Don’t miss our latest episodes! follow us to stay updates with fresh news everyday. Let’s keep the support our podcast to serve update news entire the world!