Describe the economic impacts of the Christchurch Earthquake
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3.3. Impacts on the built and economic environment. The September 2010 earthquake caused an estimated repair and rebuilding cost of about NZ$5 billion, and the financial markets were largely unaffected [41]. The cost of repairing damage caused by the aftershock sequence is significantly higher.
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The 2010-2011 Canterbury earthquake sequence caused widespread damage in the city of Christchurch and the surrounding region. The impact was especially severe in Christchurch, which suffered $15-$25 billion U.S. in losses (Parker and Steenkamp, 2012) .
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