Turkey’s economy shrinks by nearly 10% in Q2 during lockdown

ANKARA, Turkey: Turkey’s economy contracted by 9.9 % 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.