ISTANBUL 

Turkey’s construction sector will revive in the third quarter of next year, said the head of the Anatolian Side Contractors’ Association.

The sector had a difficult period since August 2018, but interest cuts have been supporting the sector since the end of last summer, Melih Tavukcuoglu told Anadolu Agency.

Last year, the Turkish economy faced difficulties that stemmed from foreign currency attacks and rising costs and interest rates causing slowness in the construction sector.

The U.S. dollar/Turkish lira exchange rate, which is around 5.6-5.7 currently, rose to 6.5-7 last year from 3.8 at the end of 2017.

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