During the pandemic, not all countries can allow themselves to follow a strict lockdown regime for a long time. Even the world’s largest economies are suffering from the quarantine and most economic indicators are slumping to record lows. That is why such countries were among the first to roll back restrictions in order to avoid a complete economic destruction. Thus, the Turkish authorities have recently announced lifting of containment measures. Of course, this this has nothing to do with the beginning of the tourist season. According to Turkey’s president, infection rates and the number of deaths are falling. The country’s authorities have presented a plan of a gradual loosening of lockdown. Thus, long-distance routes are already opened whereas kindergartens, gyms, public dining facilities, open-air concert halls, museums as well as beaches and parks will be reopened in the near future. Later, the country is planning to invite foreign tourists again. However, the restrictions will be maintained for people over 65 and below 18 years old. They still have to stay at home. They can leave their homes only for several hours a week. Of course, the easing of containment measures is a very controversial issue. However, it is the only solution in this economic situation. Turkey’s Finance Minister Berat Albayrak supposes that compared to the rest of the world, Turkey is among the least affected countries. Moreover, Turkey’s unemployment rate and the situation in many spheres are better than in most countries.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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