Turkey’s economy shrinks nearly 10% in second quarter under pandemic impact

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Turkey’s economy shrinks nearly 10% in second quarter under pandemic impact

While less precipitous than expected, the in gross domestic product (GDP) was still historic compared to the first quarter at a seasonally and calendar-adjusted 11.0%, according to the Turkish Statistical Institute. Turkey’s $770 billion economy is used to more than 5% growth driven by booming construction financed by cheap foreign credit. Bu […]

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While less precipitous than expected, the in gross domestic product (GDP) was still historic compared to the first quarter at a seasonally and calendar-adjusted 11.0%, according to the Turkish Statistical Institute.

Turkey’s $770 billion economy is used to more than 5% growth driven by booming construction financed by cheap foreign credit. Bu […]

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