One million vaccines are being doled out in Turkey each day as the government ramps up its Covid-19 efforts in an economy-boosting measure.
Turkey's vaccination programme got off to a steady start in January, but slowed down as supplies ran low. However, fresh supplies arrived this month and last week, the country reached a 40 million vaccination milestone: that's about half its population, and 40% of adults.
The newly stepped up pace is seeing a million vaccinations delivered each day, prompting predictions of a strong economic performance in the second half of this year.
Turkey's Health Minister Fahrettin Koca reported that last week, 1.5 million people were vaccinated on Thursday. This number is 12 times the 120,000-a-day that were administered up until June.
Investment bank JP Morgan has nudged its forecast for Turkey's economic growth upwards this week, citing the vaccination programme.
"Turkey managed to accelerate the vaccination pace sharply," a report said. "Despite the slowdown in loan growth and higher interest rates, such a recovery encouraged us to revise our full year GDP growth forecast to 6.8% from 6.1%".
The ramped up vaccination schedule is also good news for Turkey's tourist industry. If the pace of the programme continues and daily cases remains steady (these sit at around 7000 a day), international travel restrictions will relax, allowing this stalwart of Turkey's economy some recovery.
Cameron Deggin 
Founder & CEO, Property Turkey
Cameron Deggin is Founder and CEO of Property Turkey. A former finance professional and FCCA-qualified accountant, he founded the company in 2001 after recognising Turkey’s investment potential. With more than two decades analysing Turkish real estate, Cameron regularly advises international investors and is quoted by media including the Financial Times and BBC.
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