TurkishEconomy

Turkey's Economy Struggles to Grow Amid Persistent High Interest Rates

6 months ago

Turkey's economy is navigating a challenging landscape, revealing modest growth figures as the nation grapples with high interest rates. Recent data indicates that the economic expansion was limited in 2023, despite a slight improvement in the third quarter. Analysts cite the pressures from the government's efforts to keep inflation in check, which is integral to President Recep Tayyip Erdoğan’s economic strategy.

Turkey Contemplates Lifting Short-Selling Ban to Attract Foreign Investment

7 months ago

In a significant move aimed at revitalizing its financial markets, Turkey is considering lifting the existing ban on short-selling. This potential shift in policy comes at a time when the Turkish economy is grappling with soaring inflation and a depreciating currency, factors that have deterred foreign investment.

IMF Raises Alarm Over Turkey's Soft Approach to Controlling Inflation

8 months ago

The International Monetary Fund (IMF) has issued a stark warning to Turkey regarding its measured strategy for addressing rising inflation. Recent assessments by the IMF indicate that Turkey's gradual approach may not be sufficient to tackle the persistent economic challenges facing the nation. Inflation has remained a pressing concern, elevating fears about long-term economic stability.