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76 November, 2020 Turkey Global: 70 Availability: 58 Cost: 43 Regulation: 63 Productivity: 71 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 40 Availability: 37 Cost: 23 Regulation: 38 Productivity: 37 Remote Readiness 32 Remote Readiness 48 Turkey has spent $5 billion USD on measures to combat Covid-19. Two thirds of this amount was spent in the healthcare sector. Implemented economic policies include: • Additional healthcare personnel and increased salaries for current healthcare employees • Cash transfers to vulnerable citizens • A nationwide ban on laying off employees • Short term work scheme with wage subsidies • Credit support has been provided for companies • Deferred and reduced taxes and social security contributions for affected industries https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 • The land border with Iran is closed. Other borders in Turkey are open subject to health checks and potential for quarantine restrictions. Schools have been closed and a night time and weekend curfew is in place. 0.8% 4.7% 0% 20% Turkey Regional Ave. % of GDP Turkey Q4 2019* Q4 2020* % Change YOY Total Workforce 32.41M 31.75M -2% Unemployment Rate (%) 14.0% 13.2% -6% Unemployed Workers 4.54M 4.19M -8% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://data.tuik.gov.tr