ISTANBUL, Feb 27 (Reuters) - Turkey's economic confidence
index fell 0.3% month-on-month in February to 99.1 points,
following massive earthquakes that devastated the country's
southern region, data from the Turkish Statistical Institute
showed on Monday.
The index, which points to an optimistic outlook when above
100 and pessimistic when below, hit a record low in 2020 before
recovering as coronavirus measures were eased.
The government introduced a series of measures to ease quake
fallout that are expected to cost at least $50 billion. But
economists have predicted it will shave some one to two
percentage points off economic growth this year.
(Reporting by Ezgi Erkoyun and Ebru Tuncay; Editing by Jonathan
Spicer)
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))
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