Panic in Panama as 7.7 quake hits, cathedral collapses and tsunami warnings spread

A powerful 7.7 earthquake struck Panama, causing widespread damage and triggering a tsunami warning. The earthquake led to the collapse of a cathedral and prompted evacuations, although fortunately no deaths were reported. The economic impact of the disaster is still unclear, but the damage to buildings and infrastructure could potentially disrupt trade and commerce in the region, affecting local businesses and the overall economy.

Why it matters

A powerful earthquake has hit Panama, causing damage to buildings and prompting evacuations. This could lead to a decline in investor sentiment and a decrease in economic activity.

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