Global Macro Service > Research Briefings > Turkey

New lockdown adds more economic pain

Amid a surge in Covid-19 infections, Turkey entered a full lockdown last week, which means more pain for the economy. Our revised GDP growth forecast sees a 2.4% q/q contraction in Q2 (-1.7% before), assuming the lockdown is eased on May 17. This puts our 2021 growth forecast at 4.8% (4.9% previously).

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