November 7, 2017 |
The day after the earthquake, 25-year-old Cecilia Olvera stood in a cordoned off section of a busy avenue in downtown Mexico City, while her mother retrieved clothes and other necessities from their devastated first floor apartment. Large vertical cracks traversed the exterior of their nine-story building. Several windows were broken. The building was uninhabitable. It was also uninsured. Olvera’s family is staying in a borrowed apartment in the hopes that their building can be repaired in the coming months. “Otherwise, it’s a loss,” she says. Such losses have only begun to be calculated following the most-devastating earthquake in the Mexican capital since the 1985 tremor that killed more t
The two earthquakes that shook Mexico are not expected to unsettle the economy. Rather, a short-term surge in retail sales and the rebuilding efforts could provide a boost.