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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...

Turkey’s economy contracts more than 3 pct, showing signs of recession

The Turkish economy contracted a sharper than expected 3.0 percent in the fourth quarter of 2018, its worst performance in nearly a decade and...

Turkey’s annual inflation falls below 20 percent for first time since August

Annual Turkish consumer inflation fell to 19.67 percent in February, official data showed on Monday, dropping below 20 percent for the first time since...

Turkish retailers to stop selling eggplant, green peppers due to skyrocketing prices

Turkish supermarkets are planning to stop selling eggplant and long green peppers due to skyrocketing prices, the Turkey Retailers Confederation announced on Tuesday, the...

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 economic growth in 2018 will exceed expectations: Erdoğan

Once the figures are announced, Turkey's economic growth in 2018 is likely to exceed the forecasts, President Recep Tayyip Erdoğan said on Friday, the...

Turkey’s annual inflation falls to 20.3 percent in December

Turkey’s annual rate of consumer price inflation fell to 20.3 percent last month, according to figures released on Thursday by the Turkish Statistics Institute...

Turkey’s central bank keeps interest rates unchanged

Turkey’s central bank left its benchmark interest rate unchanged on Thursday, as expected, easing investor concerns over an early loosening after inflation eased from...

Turkey sticks with 5 pct target despite current inflation of more than 20 pct

Turkey’s central bank said on Wednesday it would stick with a 5 percent inflation target, a deeply ambitious goal after this year’s currency crisis...

Tax cuts, discounts force Turkey’s inflation down in November

Turkey’s consumer price index fell 1.44 percent month-on-month in November, official data showed on Monday, bringing the annual inflation rate down from a 15-year...

Dutch bank sees no sharp sell-off in Turkish lira in near future

Dutch Bank ABN Amro has said there will be no sharp sell-off in the Turkish lira in the near future, according to the bank’s...

Moody’s says Turkey’s economy likely entered recession

Global credit agency Moody’s has said Turkey's economy began decelerating rapidly in the third quarter, in the wake of a currency crisis, causing a...

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