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Turkish economy

Bloomberg Turkey reporters seek acquittal over currency crisis article: report

Two Bloomberg reporters and 17 other defendants sought their acquittal on Friday in a trial in which they are charged with spreading false information about Turkey’s...

Turkish economy expected to contract less than predicted, says OECD

Turkey’s economy is expected to contract by 0.3 percent this year, the Organisation for Economic Cooperation and Development (OECD) said in its latest global economic outlook,...

Contraction in Turkish construction sector to continue despite slight improvement: report

The outlook will remain negative for Turkey’s construction sector in the coming quarters even though new construction orders saw a month-on-month increase in July and August, according...

Turkish economy contracted less than expected in Q2: report

The Turkish economy contracted less than expected in the second quarter, 1.5 percent year-on-year, as it looks to shake off the effects of a recession brought...

Turkey’s foreign trade deficit shrinks by 46.9 pct year-on-year in July

Turkey's foreign trade deficit narrowed 46.9 percent year-on-year in July to $3.192 billion, data from the Turkish Statistical Institute (TurkStat) showed on Thursday, Reuters reported. Turkey's exports...

Turkey’s annual inflation expected to decrease in August: report

Turkey's annual inflation is expected to slip to 15.51 percent in August thanks to the "base effect" measured against last year's spike, while monthly inflation is expected...

Turkey’s housing sales fall 17.5 percent year-on-year in July: report

Turkish house sales fell 17.5 percent year-on-year in July, the seventh consecutive month of declines, according to official data released on Tuesday, with an economic slowdown...

37 percent of unemployed in Turkey aged between 15 and 24

The Turkish Employment Agency’s (İŞKUR) unemployment data for the month of July showed that 37 percent of the 4 million registered unemployed in Turkey are between...

Turkey’s industrial production falls for 10th consecutive month: report

Turkish industrial production fell for the 10th consecutive month in June, data released on Friday showed, offering few signs of a pick-up in economic growth as...

Turkey’s seasonally adjusted unemployment rate highest on record in April-June period

Turkey's seasonally adjusted unemployment rate climbed to its highest level on record, statistical data showed on Thursday, despite a slight fall in the April-June headline figures,...

Only modest recovery expected in Turkey’s economy for 2019: report

Turkey’s economy, which suffered a currency crisis last year, is still in the doldrums and only a modest recovery is expected, according to Dutch bank ABN...

Turkey receives $1 billion in funds from China under swap agreement: report

Turkey received around $1 billion in funds from China in June under a swap agreement that dates back to 2012, two people with direct knowledge of...

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