Venezuela Earthquakes: $6.7 Billion Disaster and the Economic Fallout

Twin earthquakes measuring 7.2 and 7.5 have devastated Venezuela, with the UN estimating up to $6.7 billion in direct physical damage, roughly 6% of GDP. The country was already grappling with deep economic fragility before the disaster struck. CGTN's Sean Callebs spoke with Otaviano Canuto, Senior Fellow at the Policy Center for the New South, about the scale of the economic damage. #bizshow #Venezuela #earthquake #reconstruction #economy #LatinAmerica #geopolitics 0:00 How Much Damage Did the Earthquakes Cause? 0:27 Could Oil Exports Collapse? 1:18 Why Recovery Won't Be Easy 2:55 Who Will Fund the Rebuild? 4:40 Can the U.S. Deliver More Aid? Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-... Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica.tiktok This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.