Is Turkey’s Economy in Recession? Three Gauges Say Yes: Chart – Bloomberg

Is Turkey’s Economy in Recession? Three Gauges Say Yes
By Ziad Daoud
February 19, 2019, 10:08 AM EST

Official statistics on Turkish gross domestic product won’t be out until March 11, but three economic indicators suggest the economy slipped into recession at the end of 2018, according to research by Bloomberg Economics. While the magnitudes differ, gauges for industrial production, banking credit and manufacturing PMI all point to a contraction in the fourth quarter.

More:Is Turkey’s Economy in Recession? Three Gauges Say Yes: Chart – Bloomberg

from Turkish Digest http://bit.ly/2SMLpfG
via CHPEU

About CHP EU Representation

The CHP was founded on 9 September 1923, about one and half month before the proclamation of the Republic of Turkey. The first President of modern Turkey’s oldest party was M. Kemal Atatürk. Today CHP is a social-democratic party, member of the Socialist International and associate member of the Socialist Group at the European Parliament. The scope of the CHP bureau in Brussels is not limited to the bilateral framework of Turkey's EU accession process. Issues such as the information society, energy policies, social development, climate change, international trade and security are among the different focus areas. The EU-Turkey relations are about integration and need multiple, plural and horizontal channels of communication. The CHP supports and promotes Turkey's EU membership process also by being more present and active in Brussels The CHP's Representative to the EU is Ms Kader Sevinç who previously worked as an MEP advisor at the European Parliament and in the private sector.
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