Turkey's economy slides into recession - BBC News
Turkey went into recession at the end of last year, according to the country's official statistics office.
The Turkish Statistical Institute said the economy shrank by 2.4% in the fourth quarter of 2018, from the previous quarter.
It followed a 1.6% drop the previous quarter, making two quarters of falling growth - the definition of recession.
A trade war with the US sparked a steep fall in Turkey's currency, making imports far more expensive.
Experts also believe Brexit is a major factor in this steep decline
The Turkish Statistical Institute said the economy shrank by 2.4% in the fourth quarter of 2018, from the previous quarter.
It followed a 1.6% drop the previous quarter, making two quarters of falling growth - the definition of recession.
A trade war with the US sparked a steep fall in Turkey's currency, making imports far more expensive.
Experts also believe Brexit is a major factor in this steep decline
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