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Turkish economy

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...

ErdoÄŸan says Turkey will never seek assistance from IMF

President Recep Tayyip ErdoÄŸan said on Sunday Turkey was not facing any worrying economic problems and would not seek assistance from the International Monetary...

‘We’ve left the worst behind,’ says Turkish finance minister as inflation hits record 24.52 pct

Berat Albayrak, Turkey's treasury and finance minister and son-in-law of President Recep Tayyip ErdoÄŸan, on Wednesday said the country has left the worst behind...

Turkish manufacturing slides to 9-year low, indicating deep recession on the way

Turkish manufacturing activity slid to its lowest level in nine years in September, a business survey showed on Monday, in what economists said was...

Turkey to work with American management consulting firm for economic recovery

Treasury and Finance Minister Berat Albayrak on Thursday said Turkey would work with American management consulting firm McKinsey & Company as part of the...

Turkish economy grew by 5.2 percent in Q2, driven by private consumption

The Turkish economy grew by 5.2 percent in the second quarter of this year compared to the same period last year, the country’s statistics...

ErdoÄŸan pledges to fight high interest rates if re-elected

President Recep Tayyip ErdoÄŸan has pledged to fight high interest rates in Turkey if he is re-elected in snap elections on June 24, the...

Turkish economy grows 7.4 percent in Q1, exceeding forecasts

The Turkish economy exceeded expectations by growing 7.4 percent in the first quarter over the same period last year, according to Turkish Statistics Institute...

Foreign direct investment flowing in to Turkey, ÅžimÅŸek claims

Deputy Prime Minister Mehmet ÅžimÅŸek appeared on pro-government Kanal 7 TV on Sunday, saying funds from global investors have begun to flow into Turkey...

[OPINION] Erdoğan’s next and final act in Turkey

Abdullah Bozkurt Turkish President Recep Tayyip Erdoğan’s spoiler game card wore out its usefulness when Turkey’s allies and partners bungled a series of initiatives undertaken...

Deputy PM ÅžimÅŸek claims some circles provoking Turkey economically

Deputy Prime Minister Mehmet ÅžimÅŸek on Sunday said some circles have been trying to economically provoke Turkey, claiming that the recent loss of value...

IMF warns about uncertainty in Turkey

Growth in Turkey is projected to be below potential in 2016-2017, estimated at around 3.5 percent, due to political uncertainty, despite a strong performance...

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