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Turkey is seen as the only country that will benefit from the loss of production in China
Turkey is seen as the only country that will benefit from the loss of production in China

Turkey is seen as the only country that will benefit from the loss of production in China. Turkey Exporters Assembly (TIM) prepared by the Economic Research Department; "Effects of Corona Virus Information Note to Turkey & the World Economy" according to the report, Turkey is seen as the only country that may be advantageous in terms of GDP from a possible slowdown in the growth rate in China.

Corona Visibility, which started in Wuhan, China and caused the death of thousands by spreading all over the world, was reflected in the world economy. While the factories that produced in China closed the contact, life almost came to a standstill in the countries with Corona Virus. issued a report on the subject of Turkey Exporters Assembly (TIM), according to the Economic Research Department of the report, Turkey is seen as the only country that may be advantageous in terms of GDP from a possible slowdown in the growth rate in China.

It is stated in the report that many of the global brands have partially or completely suspended their activities in China, it is stated that these brands are shrinking in Asian markets. In the short term, the increasing global demand as a result of a reduction in China's production capacity of the temporary, medium and long-term permanent undertaking initiatives that can attract global importers of Turkey in the following sectors can create new opportunities for Turkish exporters.According to research by the Financial Times that shows the possible impacts of a possible slowdown in China's GDP growth rate could be advantageous in some cases this seems to be the only country in Turkey. At this point, global growth forecasts are expected to result in a more negative result compared to the effects of the SARS virus, which emerged in 2003 in China. It can be said that this is caused by the change of China's role in the global conjuncture. Especially with the prohibition of travel and quarantine of a large supply center such as Hubei, the possibility of China's failure to fulfill its purchase commitments in the US trade agreement paves the way for new uncertainties in world trade. "

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