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Brexit pushes economy into recession

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    Brexit pushes economy into recession

    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

    #2
    Originally posted by DimPrawn View Post
    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.
    I wonder how many of the Brexit Brethren will accept Dim's quote at face value, and how many will bother to check and so find that:

    Experts also believe Brexit is a major factor in this steep decline
    isn't part of the article?
    Down with racism. Long live miscegenation!

    Comment


      #3
      Of course their economy is in recession, 78 million of them have come to the UK as promised by BoJo.
      …Maybe we ain’t that young anymore

      Comment


        #4
        A trade war with the USA?

        What sort of actions spark trade wars? Something like letting imports in to your country tariff-free and with reduced checks, while not applying those same rules to other countries?

        Comment

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