TURKEY AND ITS COVID-19 ECONOMIC RECOVERY PACKAGES

European countries have implemented different spending strategies to deal with the consequences of the pandemic.

A study carried out by EuCham - European Chamber, together with the help and contribution of the governments of different European countries, including Turkey, shows a general comparison of the financial expenditure executed by each of the governments in search of the longed-for economic recovery during the COVID-19 crisis.


The differences in spending between 46 countries in the same continent, give a glimpse of the big disparities in the responses given. The significant variability shown by these figures raises questions. Given that a large part of these figures correspond to borrowed money that countries will have to repay, have the governments that have spent the most done the right thing?


In order to have a fair comparison between the different economies, the absolute amounts have also been recalculated in relation to their respective 2019 GDP (Gross Domestic Product).