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30 Mar
11:22

Covid-19 dashes Turkish economic confidence recovery

Turkey’s economic confidence index declined -5.9% in March to 91.8 from its 21-month high in February. This stemmed from declines in the real sector (manufacturing industry), services and retail trade confidence indices, according to the Turkish Statistical Institute (TUIK). The construction confidence index, however, increased by 3.7% from February to 77.2 in March (see Kallanish passim). The negative effects of the coronavirus, which have become apparent i…
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