Colombia: "scene of horror" as Pereira rescuers search rubble

A devastating earthquake has struck Pereira, Colombia, leaving a trail of destruction and chaos in its wake. The disaster has resulted in a significant loss of life, with 265 confirmed deaths and nearly 500 people still missing. The critical 72-hour survival window has now closed, increasing the likelihood that many more lives may be lost. This disaster will likely have a profound impact on the local economy and may also affect Colombia's overall economic stability.

Why it matters

The earthquake in Colombia is a humanitarian disaster, but its impact on the country's economy and markets is likely to be limited. The focus is on rescue efforts and providing aid to those affected.

Market impact

Transmission channels

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