MEXICO CITY (AP) — Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too clear. He had to let go the three dozen employees at the 1950s-themed restaurant and is just trying to salvage whatever furniture and equipment wasn't damaged. Got a confidential news tip? AP Photo/Rebecca Blackwell A magnitude 7.1 earthquake rocked central Mexico on Tuesday, killing at least 226 people as buildings collapsed in plumes of dust. Edgar Novoa, a fitness trainer, went back to his job Monday after working as a volunteer following the earthquake. Mexico was hit early Friday morning by a magnitude 8.1 earthquake off its southern Pacific coast that killed 32 people and could be felt 1,000 kilometres away. It put the insured losses at between 13 billion pesos ($725 million) and 36.7 billion pesos ($2 billion). A graceful traffic roundabout encircled by restaurants, cafes and shops is now a sprawling expanse of medical tents, piles of food and other relief supplies, and stacks of building materials. According to the [BBC], an 8.1-magnitude earthquake on the Richter Scale struck off the Pacific Coast of Mexico--around 87km (54 miles) south-west of Pijijiapan- … The Gazette Review is your daily news source covering everything from world news to personal finance.We provide the most recent, unbiased accounts of the news that matters to you.Contact us: editor@gazettereview.com. Sign up for free newsletters and get more CNBC delivered to your inbox. AIR Worldwide, a Boston-based catastrophe modeling consultant, provided a wide range for industry-insured losses, but noted they would be only a small part of the total economic losses. Emergency teams are still working on assessing the damages by the earthquakes. Mexico City’s potent 2017 earthquake was a rare ‘bending’ quake – and it could happen again March 12, 2018 10.34am EDT • Updated September 19, 2018 3.48pm EDT Schools are some of the places being used as shelters. (©2017 World Vision) A deadly magnitude-8.2 earthquake struck the southern coast of Mexico on 7 September, killing dozens of people and injuring at least 200. More than $350 million will be transferred by the government to those affected. September 19 earthquake has killed at least 326 people in Mexico City, It "has potential to be one of Mexico's costliest natural catastrophes", Money expected to pour into economy as capital and federal government tap disaster funds, National fund also dealing with recovery from even stronger September 7 quake. Money is expected to pour into the economy as Mexico City and the federal government tap their disaster funds. We want to hear from you. Just hours before the quake hit , … President Enrique Peña … CAEE Reconnaissance Report on September 19, 2017 Puebla-Morelos Earthquake in Mexico INTRODUCTION A magnitude 7.1 earthquake occurred in central Mexico on September 19, 2017 at 1:14 pm local time, causing widespread geotechnical and structural damage in the states of Morelos and Puebla, including parts of Mexico City, resulting in 369 casualties. Other buildings remain closed as they show heavy damage on the walls. A man walks his bike past a building felled by a 7.1 earthquake, in Jojutla, Morelos state, Mexico, Sept. 20, 2017. The 2017 Puebla earthquake struck at 13:14 CDT (18:14 UTC) on 19 September 2017 with an estimated magnitude of M w 7.1 and strong shaking for about 20 seconds. President Enrique Peña Nieto said earlier today that the estimates of the damages caused by the two earthquakes could be more than $2 billion. All Rights Reserved. A Division of NBCUniversal. Cultural sites could cost another $440 million while home repairs and rebuilding could cost more than $500 million. At least 38 buildings, including apartments and office buildings, collapsed during the earthquake. National Civil Defense chief Luis Felipe Puente said via Twitter on Tuesday that 194 of the dead are in Mexico … This building in Tonala, Chiapas, Mexico, was destroyed in a magnitude 8.1 earthquake late Sept. 7. Authorities said the death toll of last week’s earthquake was now 338. Sitting in the entrance of his Guapa Papa restaurant Monday surrounded in caution tape, Antonio Luna said: "This is a bust. Owner of Mexico City school that collapsed in earthquake gets 31 years The owner of a private school in which 26 people died during the 7.1-magnitude earthquake in September 2017 … document.getElementById("comment").setAttribute( "id", "af4edde2064b1162c52b460f9d5ed75a" );document.getElementById("e9a285918c").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. A total of 158 homes will be rebuilt, and an additional 600 homes, 39 Kingdom Halls, and one Assembly Hall will be repaired. "In the end the company let everyone go because it couldn't continue having expenses," Luna said. Groggy and disoriented, I walked down the stairs that led to my office building’s parking lot in Mexico City. It's already closed due to structural damage to the building.". The government will also spend on helping the victims of the 8.1 magnitude earthquake. Estimates say it could cost around $750 million to repair schools in the areas affected. The president said that the damage assessments continue in Mexico City, one of the many areas affected by the earthquakes. Over 100 years old, the government building was already damaged by the 8.2- magnitude quake that struck the region in September 2017. A number of shelters have been created for those who cannot enter their homes. Stone panels on the building's facade appeared cracked or were altogether missing. Rescuers work in the rubble after a magnitude 7.1 earthquake struck on September 19, 2017 in Mexico City, Mexico. Meanwhile, they were moving furniture that could still be sold to their other branches. Mexico's education ministry also has 1.8 million pesos to spend on school repairs. An additional 1,136 are reparable, and 8,030 buildings inspected so far were found to be habitable. The death toll from last week’s big earthquake in central Mexico is now 333. In Mexico City alone, only 676 of the city's 9,000 schools had been inspected and cleared to resume classes, Education Secretary Aurelio Nuno said Monday. The magnitude 8.1 earthquake that struck Mexico earlier this month was the strongest to hit the country in 100 years. COMPLACENCY : Following the desolation of the 1985 earthquake, Mexican officials enacted stringent building codes — at least on paper. Data is a real-time snapshot *Data is delayed at least 15 minutes. Moody's Investors Service said in a report Monday that the September 19 earthquake that has killed at least 326 people in the capital and nearby states "has the potential to be one of Mexico's costliest natural catastrophes.". There will be months of work ahead from demolition to repairs and reconstruction. September 27th, 2017 The two big earthquakes that have damaged hundreds of buildings in Mexico in recent weeks could cost over $2 billion. On 8 September 2017, a great (M w 8.2) normal faulting earthquake ruptured within the subducting Cocos Plate ~70 km landward from the Middle American Trench beneath the Tehuantepec gap.Iterative inversion and modeling of teleseismic and tsunami data and prediction of GPS displacements indicate that the steeply dipping rupture extended ~180 km to the … "It is important to get back to work.". The two big earthquakes that have damaged hundreds of buildings in Mexico in recent weeks could cost over $2 billion. The electronic transfers will help people repair their homes. Workers clear debris on Sept. 25, 2017 from the top of a building that collapsed in Mexico City after the Sept. 19 earthquake. The 2017 tremblor, with an epicenter 80 miles from Mexico City, imposed more damage on shorter buildings of six stories or less. It’s the first time in three decades that a quake has been recognized as a national emergency rather than … The second earthquake came less than two weeks after. Australia: Joe the Pigeon Spared After Fake Leg Tag Is Confirmed, Xiaomi Among Companies Hit With US Restrictions, Italy: Stolen Painting Found In Naples Cupboard. World Sep 8, 2017 Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too clear. People search for survivors under the rubble of a collapsed building after an earthquake hit in Mexico City, Mexico, on Tue., Sept. 19, 2017. Credit: Getty Building damage University graduate with a bachelor's degree in business administration. People search for survivors under the rubble of a collapsed building after an earthquake hit in Mexico City, Mexico, on Tue., Sept. 19, 2017. Credit: Getty Building damage While relief work went on outside Monday, men were busily wrapping furniture in foam and plastic inside the Antiguo Arte Europeo store. Luis Fonsi Net Worth 2018 – How Wealthy is the Puerto Rican Singer? Money is expected to pour into the economy as Mexico City and the federal government tap their disaster funds. Local World Vision staff and community leaders estimate that between 150 and 200 homes were damaged or destroyed. Many now want to know when they can go back but it could take some time as many buildings were damaged across several states. The effects of the earthquake in Mexico, September 2017 September 23, 2017 Earthquakes 0 3152 As a result of the earthquake in Mexico, dozens of buildings destroyed, many destructions occurred in the capital and other regions of the country. On September 29, USAID demobilized the Disaster Assistance Response Team (DART) for the Mexico earthquake response, in consultation with the U.S. Embassy in Mexico City. © 2021 CNBC LLC. For the full year, the impact on gross domestic product should be about 0.1 percent. 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