Treasury Estimates Loss Of 15 Percent Of 2011 Gdp Due To Canterbury Earthquakes

New Zealand's $40B Earthquake

Treasury Estimates Loss of 15 Percent of 2011 GDP Due to Canterbury Earthquakes

Series of Major Earthquakes Caused Over $448 Billion in Damages

The Treasury estimates that nationwide GDP will be around 15 lower in 2011 than it would have been otherwise. In late 2010 and in 2011 Canterbury endured a series of major earthquakes. Adjusted for inflation the 20102011 Canterbury earthquakes caused over 448 billion in damages making it.