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Turkish economy expected to contract in 2020 as coronavirus hits economies: report

Turkey’s economy is expected to contract this year for the first time in over a decade as the coronavirus pandemic slashes output through mid-year, and it’s...

Turkey’s idled day workers at risk of slipping through coronavirus safety net: report

Countless Turkish day workers risk falling through a financial safety net being set up to support those idled due to the coronavirus outbreak, as authorities in...

Turkey will ban employment layoffs for 3 months under coronavirus measures: report

Turkey would ban layoffs for three months under draft legislation aimed at protecting those lacking job security and mitigating the blow to the economy from the...

Turkey’s top business club urges Erdoğan to introduce stricter measures

Turkey’s top industrialists are calling on President Recep Tayyip Erdoğan to introduce stricter measures to fight the coronavirus and boost a stimulus to kick-start the economy...

Moody’s says Turkish economy will shrink 1.4 pct in 2020 due to coronavirus effect

US-based credit rating agency Moody’s has said the Turkish economy will shrink by 1.4 percent in 2020 and grow 0.8 percent next year, slashing...

Turkey holds first tender for Kanal İstanbul project amid coronavirus measures: report

Turkey held its first tender on Thursday to build a huge canal on the edge of İstanbul, a Transport Ministry spokesman said, signaling progress on the...

Coronavirus impact to push emerging markets, including Turkey, to recession: JP Morgan

The crippling economic impact of the coronavirus is set to push the world’s poorer countries including Turkey into recession by the middle of the year, US...

Turkish opposition says unemployment numbers higher than announced

Turkey’s main opposition party has claimed that the country’s unemployment rate was around 17 percent in December, instead of the 13.7 percent that was announced by...

Turkey’s unemployment grew slightly in December despite economic recovery: report

Turkey's unemployment rate rose to 13.7 percent in December from 13.3 percent a month earlier, official data showed on Tuesday, despite a pick-up in growth as...

Turkey’s inflation rate rises for fourth straight month: report

Turkey’s key inflation gauge rose for a fourth straight month to 12.37 percent in February, data showed on Tuesday, testing the central bank’s resolve to keep...

Turkey’s economy grows 0.9 percent in 2019: statistical institute

Turkey's economy posted a growth rate of 0.9 percent in 2019, according to the Turkish Statistical Institute (TurkStat), the Anadolu news agency reported. The country's gross domestic product...

Economic confidence climbs for fifth consecutive month in Turkey: report

Economic confidence in Turkey climbed for the fifth straight month in February, reaching the highest level since April 2018, the Ahval news website reported. The Economic Confidence...

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