Tag: turkish economy
The fresh currency turbulence in Turkey saw the price of the US dollar rise about 11% in two weeks earlier this month. But rather than hiking interest rates against the sharp fall of the Turkish ...
Aug 14, 2020 Unrelenting inflation and the uncontrollable slump of the Turkish lira have forced Ankara to start cooling the economy, only two months after it spurred a loan bonanza to revive consumer demand and ...
Aug 6, 2020 Turkey’s Central Bank said today that it was ready to use “all available instruments” to reduce market volatility as the Turkish lira slid to record lows against the dollar and the euro. ...
Aug 5, 2020 ISTANBUL – Following months of relative stability, Turkey’s currency is once again volatile as the lira fell 2% against the dollar Wednesday. The Turkish lira was trading at 7.04 per dollar at 6 p.m. ...
Jul 16, 2020 The coronavirus pandemic has fueled unemployment across the world and Turkey, whose economy was already ailing, is not an exception. But when it comes to measurement, the figures vary, though none of ...
Turkish President Recep Tayyip Erdogan has never been one for introspection or restraint in his declarations, but his recent statements display an outsized confidence, even by his standards. In the next three years, Erdogan said, ...
Jun 15, 2020 Turkey’s economic woes, compounded by the coronavirus pandemic, are increasingly forcing President Recep Tayyip Erdogan to consider early elections, leaving him stuck between pressure to reassert his leadership and fear of losing. ...
Turkey’s ailing economy, hit by the COVID-19 pandemic atop severe currency woes since 2018, is now facing economic reprisals by Arab countries incensed with Ankara’s policies in the Middle East. Saudi Arabia has already started ...