Turkey's economy contracted nearly 12 percent in the second quarter due to the coronavirus lockdown, a Reuters poll showed on Friday.
The figure indicates the...
The European Bank for Reconstruction and Development
(EBRD) said on Wednesday it expects Turkey's GDP to contract by 3.5 percent in
2020 due to the coronavirus...
Turkey’s economy is expected to contract by
0.3 percent this year, the Organisation for Economic Cooperation and
Development (OECD) said in its latest global economic outlook,...
The
outlook will remain negative for Turkey’s construction sector in the coming
quarters even though new construction orders saw a month-on-month increase in
July and August, according...
The Turkish economy contracted less than expected in
the second quarter, 1.5 percent year-on-year, as it looks to shake off the
effects of a recession brought...
The Turkish economy
contracted 2.6 percent year-on-year in the first quarter, in line with
expectations, as the official data reinforced the country’s slide into
recession after last...
Turkey’s
consumer confidence dropped to the lowest level on record in May, dampening
hopes for a sustainable economic recovery in the country, the Ahval news
website reported...
The
Organization for Economic Co-operation and Development (OECD) has revised its
projection for Turkey’s GDP, forecasting a 2.6 percent contraction in 2019
instead of the previously anticipated...
Goldman Sachs, a global investment bank and financial
services company, has lowered its expectations for the Turkish economy’s
contraction at yearend 2019 from 1.5 percent to...
Figures
from Turkey’s Automotive Distributors Association (ODD) have revealed that in
the first quarter of 2019 the sale of passenger cars and commercial vehicles has
dropped 44.2...
The Organization for Economic Co-operation and Development (OECD) has revised its 2019 forecast for Turkey’s GDP growth, predicting a sharper downward trend than in...
