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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...

Turkey’s unemployment rate drops below 14 pct but still high after recession: report

Turkey's unemployment rate edged down to 13.8 percent in the August-October period, from 14.0 percent a month earlier, according to official data on Monday that suggested jobs...

Turkish inflation lower than expected in May at 18.7 percent

Turkish inflation eased to a lower-than-expected 18.71 percent in May, official data showed on Monday, causing the lira to decline as investors worried that the central...

Turkish economy shrinks 2.6 percent in first quarter as recession bites

The Turkish economy contracted 2.6 percent year-on-year in the first quarter, in line with expectations, as the official data reinforced the country’s slide into recession after last...

Re-run of İstanbul election could delay Turkey’s economic reforms: report

Turkey’s long road to economic reform may have grown bumpier this week when authorities ordered a re-run of an İstanbul city election, further testing the patience...

Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis

Turkey’s consumer confidence index rose by 3.4 percent in April, reaching 84.7 points, the Turkish Statistical Institute (TurkStat) said on Monday, signaling a recovery from a...

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...

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...

Ankara sees no recession, negative growth ahead: finance minister

Turkey’s economic growth has softened but government moves to cut taxes and accelerate the transfer of billions of lira to the Treasury mean Ankara...

World Bank economist expects no recession in Turkey

The World Bank does not expect a recession in Turkey, said Franziska Ohnsorge, manager of the bank’s Development Economic Prospects Group, the state-run Anadolu...

846 Turkish firms have applied for debt restructuring to date: minister

Commerce Minister Ruhsar Pekcan has announced that applications from 846 Turkish companies for konkordato, a legal process for restructuring debt, have been accepted so...

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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