Firming Upturn Lifts Turkish Economy to Pre-Crisis High

(Bloomberg) --

Turkey experienced a deep recession in the second half of last year amid a sharp currency crisis. Fiscal, monetary and credit stimulus helped it exit the downturn at the start of 2019. Three timely gauges of economic activity show the recovery firming in the third quarter: Industrial production, banking credit and manufacturing PMI all point to an economy returning to its pre-recession peak, according to Bloomberg Economics.

©2019 Bloomberg L.P.