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Two-Thirds Seen Laying Off Workers in Pessimistic Industry Survey

TURKEY
  • In a Dunya survey, 43.4% of respondents across industry reported a decrease in orders, with the biggest problem being the increase in the price of raw materials. In response to recession fears, 2 out of 3 respondents intend to layoff workers, although 47% intend to make investments across business in Q1 next year.
  • Opposition parties meet today to conduct alliance negotiations, with Milliyet reporting last week that the meeting is being hosted by the DEVA Party and will include all six main opposition party leaders. The summit is seen as critical for deciding whether the opposition will join forces in next year’s elections.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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