Covid-19 impact: Turkey's economy contracts by nearly 10% in Q2

Though the quarterly decline was the country's biggest contraction in more than a decade, it was slightly less than economists had predicted

Turkey's economy contracted by 9.9 per cent in the second quarter of the year from the previous three-month period in the wake of lockdown measures put in place to deal with the coronavirus pandemic, officials figures showed Monday.
 

Though the quarterly decline in the April to June period reported by the Turkish Statistical Institute was the country's biggest contraction in more than a decade, it was slightly less than economists had predicted.
 

When the pandemic struck in March, the government imposed a number of restrictions to keep a lid on infections that inevitably hurt the economy.
 

As well as shutting