Shockwaves of Turkey's Market Tremors Keep Pounding Economy
By Cagan Koc
February 14, 2019, 5:02 AM EST Updated on February 14, 2019, 6:32 AM EST
The economic fallout from Turkey’s currency crash last summer just kept on getting worse toward the end of the year.
Industrial production capped 2018 with its biggest plunge since June 2009 following three months in contraction, according to data released by Turkstat on Thursday. Led by a double-digit fall in manufacturing, output dropped an annual 9.8 percent in December. Industry fared worse than every estimate compiled by Bloomberg.
More:Shockwaves of Turkey's Market Tremors Keep Pounding Economy - Bloomberg
