ISTANBUL—The Turkish economy, hit hard by the coronavirus pandemic, contracted sharply in the second quarter, jeopardizing President Recep Tayyip Erdogan’s central political pledge of rapidlyTurkey’s output shrank 9.9% in the second quarter compared with the same period a year earlier, and 11% compared with the first quarter of 2020, the national statistical agency said on Monday.
The Turkish government expressed satisfaction that the country’s gross domestic product contracted relatively less than in certain major economies. “Contrary to pessimistic statements, our GDP showed good results compared to other countries,” Turkish Finance Minister Berat Albayrak said in a tweet, predicting a V-shaped recovery. “The foundations of Turkey’s economy are robust and dynamic,” he said.
in assets denominated in Turkish lira, causing record selloffs of Turkish bonds and stocks by foreign investors since the start of the year.
Turkey is the only place on Earth to get Turkish Delight that is truly a delight. Which makes sense.
Turkey is going better than most countries.
Bullshit Fake News!
A not so safe country.... Could use a leader like realDonaldTrump MAGA!!
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Source: Reuters - 🏆 2. / 97 Read more »