Ankara-Sana
Turkey's trade deficit increased sharply by 102.7 percent year on year in May to $ 42.4 billion.
Reuters quoted the Turkish Statistics Institute as saying today that Turkish exports decreased 40.9 percent and imports fell 27.8 percent compared to May 2019, attributing this sharp rise in the deficit to the impact of measures to contain the spread of the Coruna virus.
The new figures come at a time when the Turkish currency is deteriorating due to the deteriorating political and security conditions in the country due to the repressive measures practiced by Recep Tayyip Erdogan's regime as well as its mismanagement of the crisis related to the Corona epidemic, which all led to economic rebounds, including a decline in tourism and investments and a decline in the country's foreign exchange earnings .
