Please assign a menu to the primary menu location under menu

Turkey to Face Big Challenges Due to Recession


Turkey’s economy has been declared in recession — defined as two consecutive quarters of contraction — for the first time since the global financial crisis of 2008.

Turkey’s GDP was said to register a contraction of 2.4% in the first quarter of 2019, following a 3% decrease in the final quarter of 2018.

Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead. (Shutterstock)

© 2015-2019 The Arab Weekly. All rights reserved.

read more

Source link


The author admin

Leave a Response