Turkish exports plunge
Turkey’s foreign trade is navigating troubled waters. Despite a significantly weakened Turkish lira, exports have kept dropping over the past six months. According to the Turkish Exporters’ Assembly (TIM), exports stood at $73.26 billion in the first half of 2015, down 8.1% from the same period last year. Following a staggering 19% decrease in May, the downward trend slowed down in June, with exports decreasing 6.4% compared with the same month last year.
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