Turkish industrial production and retail sales posted a strong recovery in July as the continued easing of lockdown measures and rapid credit expansion boosted activity. The tightening of monetary conditions since August may have slowed the pace of the recovery since then. And the outlook remains clouded by the risk of a further sell-off in the lira and another rise in interest rates.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.