Number of Tests/Cases –Turkey Cases peaking in December 2020 and April 2021 increased to a maximum of 20%. Belgium peaked in October 2020 and the rates were 30%, but it did not exceed 8% in the following periods.

In April 2020, when the crisis was felt intensely, the Industrial Capacity Utilization Ratio decreased to 61.6%, the industrial production decreased by 31.4%, the prohibition of activities in the context of measures taken in many fields of activity in the services sector, transportation, tourism, restaurants, etc. Considering that demand in many sectors has almost come to a standstill, it is clear that it will lead to a worse picture with its results in the second quarter.

The experienced crisis created both supply and demand shocks, and its effect on inflation will be determined by the development of exchange rates, oil, commodity and intermediate goods prices.

Another negative effect of the Covid-19 crisis on the Turkish economy is that while tax revenues fell due to the recession, government expenditures increased the budget deficit due to the increase in social expenditures.

The fact that the deficit, which was 123 billion TL in 2019, reached 72.8 billion in the first four months of the year, is an indication of this.

As a result, the reflections of the global crisis, which occurred with the pandemic, on Turkey, are preparing a more negative picture for our economy, which is trying to recover during the 2018 crisis period.

The recovery after the pandemic will take a long time due to the foreign exchange requirement, exchange rate pressure, decreasing demand, unemployment, etc. arising from the external debt stock. In particular, the inability to reduce the current account deficit, external debts and the need for foreign exchange hinder investments, but there is no other solution for rapid recovery than structural reforms, employment and production increase.

Turkey is the 5th largest textile supplier in the world, with more than 1.5 million qualified textile workers, Turkey aims to export 30 billion dollars with the 2021 ready-to-wear sector.

Ahmet Özsüz, President of the Turkish Textile Raw Materials Exporters Association, hopes to lay the groundwork in the post-Covid era by establishing lucrative partnerships with the Turkish textile industry, world-renowned brands and textile companies. , says.

Globally, the rapid decline in the Textile and related fashion sector as a result of worldwide clothing and household goods retail sales, increasing unemployment and decreasing disposable incomes brought order cancellations in the 1st and 2nd quarters due to the shortage of raw materials, factories operating at 60% capacity, textile machinery has led to reduced investment, with supply largely from China facing unprecedented disruption and shutdown. A combination of all the macro-economic issues mentioned above, along with more specific factors such as the suspension of transport and changes in demand patterns, has taken a toll on the manufacturing industry. However, the post-pandemic development is dependent on the recovery of China, which has the largest textile machinery park. China also ranks first in textile machinery exports with a 35% share. It is observed that India has serious investments in textile production tracks for the post-pandemic period, some textile production activities in Turkey were exempted from closure, production continued, but it is clear that both track increase, equipment investment and employment-increasing investments and activities to increase production potential are required.