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concluded.
3.1 ​Macroeconomic overview
France’s BNP Paribas forecast that Turkey’s economic contraction largely caused by the pandemic upheaval may be limited to 2% this year.
The IMF sees a 5% economic contraction this year.
A monthly central bank survey of local financial sector experts and business leaders for April saw growth falling by 0.9%.
4.0​ Real Economy 4.1​ Industrial production
Turkey ​delivered​ a negative surprise to the market on May 14, posting an industrial production decline of 2% y/y in March. In a Reuters poll, output was forecast to rise 1.8% y/y.
22​ TURKEY Country Report​ June 2020 ​ ​www.intellinews.com