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Turkish economy

Turkey planning to tap $6.6 billion from central bank reserves: report

Turkey’s Treasury ministry is working on legislation to transfer the central bank’s 40 billion lira ($6.6 billion) in legal reserves to the government’s budget to shore...

Turkish economy will prosper with employment increase, sharp drop in inflation: minister

Turkey’s economy will prosper since employment levels are expected increase, accompanied by a sharp drop in inflation, Treasury and Finance Minister Berat Albayrak said...

Erdoğan lashes out at FT, Western media, over reporting on Turkish economy

Turkey's president has lashed out at the Financial Times (FT) and other Western media, accusing them of falsely portraying the Turkish economy as being on the...

Turkey to remain 4th most miserable country in 2019 with slight deterioration expected: Bloomberg index

According to Bloomberg’s misery index, covering 62 economies, Turkey will remain the fourth most miserable country in the world in 2019, with the situation expected to...

Turkish economy to shrink 2.5 percent in 2019: IMF

The International Monetary Fund (IMF) has released its World Economic Outlook (WEO) report for April 2019 in which it forecast that the Turkish economy would contract 2.5...

Several economists allege TurkStat manipulated exchange rates to inflate GDP

The Turkish Statistics Institute (TurkStat) has deliberately miscalculated forex figures to bloat the country’s gross domestic product (GDP), according to several Turkish economists, the...

Turkish economy to shrink 1.8 percent in 2019: OECD

The Organization for Economic Co-operation and Development (OECD) has revised its 2019 forecast for Turkey’s GDP growth, predicting a sharper downward trend than in...

French bank claims Turkey headed for a recession

An analysis released by French bank BNP Paribas has claimed that Turkey is heading for a recession that will last several quarters. The analysis was...

Foreign direct investment in Turkey from EU decreased by 14 percent in 2018

The total amount of foreign direct investment (FDI) to Turkey from European Union countries declined by 14 percent in 2018 according to figures released...

Turkish Central Bank keeps interest rates unchanged

Turkey’s central bank on Wednesday ruled to keep its one-week repo rate -- also known as the policy rate -- constant at 24 percent,...

Turkey’s consumer confidence index declines to global financial crisis levels

According to the latest survey on consumer trends conducted by the Turkish Statistics Institute (TurkStat) and the Central Bank of Turkey, the consumer confidence...

Reuters poll expects 2.8 percent growth for Turkish economy at yearend

Turkey’s economic growth is expected to fall to 2.0 percent in the third quarter of the year and hit 2.8 percent for all of...

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