Will Turkey's Economy Emerge from Recession?
Turkey is facing its first recession since 2009: economic growth contracted in the last two quarter of 2018 by -1.6% and -2.4%, respectively. As a result, Turkey’s economy only grew 2.6 % in all of 2018, compared to 7.4% in 2017 and an average of 6.8% in the period between 2010 and 2017. According to the latest OECD estimates, this year Turkey’s GDP will decrease by 1.8%.