UNICEF Social Inclusion, Policy and Budgeting

Household Welfare in the Face of Economic Slowdown: Results from Five Urban City Centers in Turkey

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AUTHOR
ORGANIZATION UNICEF and World Bank
TYPE Field Examples
DATE 2010
TOPIC Economic crisis and recovery
LANGUAGE English
ABSTRACT

After a period of rapid economic growth and sustained gains on social outcomes, the Turkish economy was hit hard by the global economic crisis, but it is now recovering. The economy had already started to slow down in 2007, but the global financial events of late 2008 led to a sharp contraction of the economy until growth resumed at the end of 2009. The crisis affected  Turkey  primarily  through two channels: exports and  credit intermediated through the banking sector.


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