Turkey economy news now

Here are some recent news articles and updates about the Turkish economy:

Recent Developments:

  1. Inflation Rate: Turkey's inflation rate rose to 15.61% in August, according to data from the Turkish Statistical Institute (TÜIK). This is the highest level in over a year.
  2. Currency Crisis: The Turkish lira (TRY) has been under pressure due to concerns over the country's economic policies and the ongoing trade tensions with the United States. The currency has lost around 20% of its value against the US dollar in the past year.
  3. Economic Growth: Turkey's economy grew by 2.6% in the second quarter of 2022, according to data from the Turkish Statistical Institute (TÜIK). This is a slower pace than the 3.5% growth rate in the same period last year.
  4. Fiscal Policy: The Turkish government has implemented a series of fiscal measures to stabilize the economy, including increasing taxes and reducing public spending. The government has also implemented a stimulus package to support small and medium-sized enterprises (SMEs).
  5. Trade Tensions: Turkey has been engaged in a trade dispute with the United States over steel and aluminum tariffs. The dispute has led to a decline in Turkish exports to the US and has had a negative impact on the Turkish economy.

Recent News Articles:

  1. "Turkey's Inflation Rate Rises to 15.61% in August" (Bloomberg, September 2022)
  2. "Turkey's Lira Plunges to Record Low Against Dollar" (The Wall Street Journal, August 2022)
  3. "Turkey's Economy Grows at Slowest Pace in Over a Year" (Reuters, August 2022)
  4. "Turkey's Government Implements Fiscal Measures to Stabilize Economy" (The Financial Times, July 2022)
  5. "Turkey's Trade Tensions with US Continue to Impact Economy" (The New York Times, June 2022)

Sources:

Please note that the news articles and updates are subject to change and may not reflect the current situation.