The Trader 

Market Outlook: Turkey’s new recession

The Trader

The Financial Times reports that based on data released this morning Turkey saw its economic growth slow dramatically in the last 3 months of last year; it shrank by 3 per cent Y/Y and, seasonally adjusted, by 2.4 per cent – the worst reading since 2009. It is the second consecutive quarterly contraction and takes growth for the year as a whole to just 2.6 per cent from a more usual 7.4 per cent growth in 2017.

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