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Tourism lull in 2020 might have cost Turkey’s GDP $93 bln: UN report

The total loss caused by the crash in international tourism to Turkey's GDP in 2020 due to the coronavirus pandemic could be as high...

Turkey’s economy grew by 7 percent in first quarter of 2021

Turkey's economy grew a more-than-expected 7 percent year-on-year in the first quarter, official data showed on Monday as pandemic restrictions did not temper hot...

Turkey’s external debt hits record high of 62.8 pct of GDP in 2020

Turkey's external gross debt stocks, which amounted to $450 billion at end-2020, climbed to a record 62.8 percent of gross domestic product (GDP) at...

IMF sees Turkey growing at 6 percent in 2021: report

Turkey’s economy will grow by about 6 percent in 2021, before settling back to a growth rate of about 3.5 percent annually from 2022,...

Turkish economy grows 6.7 percent in third quarter after initial virus wave

Turkey’s economy roared to a more-than-expected 6.7 percent growth rate in the third quarter, as a flood of credit helped it rebound from a...

Turkey’s economy contracted 11.8 pct in second quarter: report

Turkey's economy contracted nearly 12 percent in the second quarter due to the coronavirus lockdown, a Reuters poll showed on Friday. The figure indicates the...

European bank expects Turkey’s economy to contract 3.5 pct by yearend: report

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it expects Turkey's GDP to contract by 3.5 percent in 2020 due to the coronavirus...

Turkey’s manufacturing activity increases for first time in 22 months: report

Turkish manufacturing activity expanded for the first time in 22 months, a business survey showed on Monday, with new orders returning to growth and the rate...

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 halves economic development targets for 2023: report

Turkey has virtually halved its economic development targets for 2023 in a new five-year development plan released by the presidential strategy and budget office on Monday,...

Central bank: Turkish lira will be valued at 5.64 to the US dollar at yearend

Turkey’s central bank released an expectation poll for the month of November that it conducted on 70 finance experts, executives and professionals in which...

Central bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend

Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar...

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