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Turkish automotive market contracts 35 percent in 2018

Turkey’s automotive market contracted by 35 percent in 2018 over the previous year, according to data released by the Automotive Industry Association (OSD), which...

Turkey’s unemployment rate rose to 11.4 percent in September

Turkish unemployment rose to 11.4 percent in September, the country’s statistics authority said on Monday, the Hürriyet Daily News reported. “The number of unemployed persons...

Turkish economic growth fades to 1.6 pct in Q3 amid currency crisis

Turkish economic growth dwindled to 1.6 percent year-on-year in the third quarter, data showed on Monday, falling short of forecasts as a currency crisis...

Moody’s warns of sharp contraction in Turkey’s economy

Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...

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