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What is the economic cost of recovery after major earthquakes?

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The economic cost of recovery after major earthquakes can vary greatly depending on the magnitude of the earthquake, the location, the level of destruction, and the preparedness of the affected area. Major earthquakes can result in billions of dollars in economic losses due to damage to infrastructure, buildings, and loss of productivity. The costs can include rebuilding structures, repairing infrastructure, providing emergency aid, and restoring economic activity in the affected area. Governments, insurance companies, and international aid agencies often play a key role in funding the recovery efforts.

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