economic contraction

Business

Turkish finance minister shrugs off lira’s slide, says economic contraction possible

August 13, 2020

The competitiveness of Turkey's lira is more important than the exchange rate level, Finance Minister Berat Albayrak said on Wednesday, shrugging off a slide...

Business

Turkey’s economy contracts more than 3 pct, showing signs of recession

March 11, 2019

The Turkish economy contracted a sharper than expected 3.0 percent in the fourth quarter of 2018, its worst performance in nearly a decade and...

Business

Turkey’s industrial production dropped 9.8 pct year-on-year in December

February 14, 2019

Turkish calendar-adjusted industrial production in December 2018 decreased by 9.8 percent over the same month last year, the Hürriyet Daily News reported, citing the...