17 février 2021
https://www.openedition.org/12554 , info:eu-repo/semantics/openAccess
Ali Rıza Güngen, « Turkey’s Economy Amid the COVID-19 Pandemic: Measures and Their Impact », Institut français d’études anatoliennes, ID : 10.4000/books.ifeagd.3827
The COVID-19 pandemic hit Turkey’s economy hard after two years of turbulence and aggravated economic problems. Turkish policymakers preferred to manage the economic slump by extending new credit to small and medium-scale enterprises and making workers and low-income households borrow more. These responses have sown the seeds of the future problems which the country will have to reckon with in the medium to long term. This study analyses the economic slump in 2020 and Turkey’s responses to the pandemic, the use of public banks, the state-sponsored credit expansion and foreign exchange interventions before the beginning of the second wave in late 2020 and underlines the insufficiency of the government’s measures to contain the long-term economic effects of the virus.