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Is Turkey’s Economy in Recession? Three Gauges Say Yes

Economy

Is Turkey’s Economy in Recession? Three Gauges Say Yes

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By Ziad Daoud

Official statistics on Turkish gross domestic product won’t be out until March 11, but three economic indicators suggest the economy slipped into recession at the end of 2018, according to research by Bloomberg Economics. While the magnitudes differ, gauges for industrial production, banking credit and manufacturing PMI all point to a contraction in the fourth quarter.

Source: Bloomberg

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