ISTANBUL — The coronavirus pandemic continues to take a heavy toll on global economies and Turkey is no exception. To date, the nation has recorded 127,659 confirmed cases of COVID-19 and 3,461 virus-linked deaths. Turkish leaders continue working to stem the spread of the disease with mixed success, as its domestic economic impacts materialize in the latest financial data.
A gauge on manufacturing output in April fell to its lowest point since the 2008 financial crisis, posing employment challenges for the sector, according to a report published Monday by Istanbul Chamber of Industry and IHS Markit.