Economics
Turkey Risks Double-Dip Recession After First-Quarter Bounce
An outdoor market in Istanbul.
Photographer: Chris McGrath/Getty Images
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Turkey’s first-quarter recovery will likely be short-lived after a slump in the lira, economists predicted.
Industrial production rose a seasonally adjusted 2.1% in March from February, making for three straight months of gains as authorities ramped up fiscal stimulus, according to data released by Turkstat on Tuesday.