TURKISH TEXTILE INDUSTRY FACES UNCERTAINTY AND SLOWDOWN AS ANKARA EXTENDS STATE OF EMERGENCY

Turkey’s rocky political situation following the failed military coup of July 15, the following massive purges and recurring terrorist bombings may have a negative effect on the country’s large textiles sector, experts are warning. “It’s likely to lead to some uncertainties, obviously, in the general economy,” Turkey-born economist Ozan Şakar, of managing director of London-based Descartes Capital. “The Turkish brand name may take a hit obviously.” Ankara declared a state of emergency soon after the failed coup of July 15, and on October 3 ...


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