(RTTNews) – The Turkish economy abruptly in the current quarter due to coronavirus containment measures, as monday showed by knowledge from the Turkish Institute of Statistics.
Gross domestic product fell 9.9% on an annual basis in the current quarter, in contrast to the 4.4% expansion in the first quarter; however, this is much slower than the 11.8% drop predicted by economists.
Knowledge shows that public spending fell 0.8% in line with the year, while family spending fell 8.6% and constant gross capital formation 6.1%.
Imports fell 6.3% and exports by 35.3% in the quarter.