Despite stimulus, Turkish economy faces grave coronavirus prognosis
Economic analysts shared mixed reactions to Turkish President Recep Tayyip Erdogan’s stimulus package, with some saying it doesn’t go far enough.
ISTANBUL — As health officials reported Turkey's third death linked to the coronavirus Thursday, analysts said the government will need to pursue significant fiscal interventions to stave off long-term economic impacts resulting from the global pandemic.
Turkish President Recep Tayyip Erdogan announced a $15.4 billion economic stimulus package Wednesday, introducing a mix of tax cuts, payment deferrals and increased pension payouts to help citizens and businesses weather the COVID-19 crisis.
