Crisis-hit Turkey suffers erosion in investments
ARTICLE SUMMARY
Turkey’s economic downturn has been marked by a dramatic decline in investments, both private and public, bearing heavily on joblessness.
REUTERS/Murad SezerPeople change money at a currency exchange office in Istanbul, Turkey, March 28, 2019.
Turkey’s gross domestic product shrank 1.5% year-on-year in the second quarter, according to official figures released this week, with a dramatic decrease in investments standing out as a major driver of the contraction. The decline in investments — both in the private and public sector — has been going on for 12 months, bearing heavily on joblessness.
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