Ankara-Sana
The Turkish economy shrank 9.9 percent in the second quarter of this year, which is the worst year-on-year performance in ten years.
Reuters reported that the Turkish Statistical Institute data showed that the decline in GDP is still at a record low compared to the first quarter, reaching 11 percent.
Economists had expected the Turkish economy to contract during the second and third quarters of this year with the decline in the country's exports and the paralysis that afflicted the tourism sector due to the outbreak of the Corona virus. Last April, Turkish exports decreased by 41 percent, imports decreased by 28 percent, and economic confidence fell to its lowest level.
The data of the Turkish system’s Finance Ministry showed a budget deficit of 17.3 billion liras, equivalent to $ 2.53 billion, last May.