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Taking stock of Turkey’s economic recovery

Turkey’s government has lifted a three-week national lockdown today and this should pave the way for a recovery over the coming months. But the hit to activity during the lockdown means that the economy is likely to record a contraction over Q2 as a whole. Another wave of the virus remains a key risk and, at the very least, hopes of a swift rebound in the tourism sector this year have been severely dented.

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