Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 20/09/2020 21:26 
12.08.2020 23:57 News >> Capital Movements Affect Turkey Like Other Countries

Capital Movements Affect Turkey Like Other Countries

Turkish economy expected to grow between minus 2% and plus 1% in 2020, says finance minister.

Turkey is affected by global capital movements as much as other countries, the finance minister said on Wednesday, referring to the Turkish lira losing ground.
"Turkey is affected much less than before from exchange rate volatilities," Berat Albayrak told CNN Turk.
Albayrak stressed Turkey is managing fluctuations in a controlled manner.
Turkish lira lost around 22% of its value against the US dollar since the beginning of this year. The dollar/lira exchange rate hit an all-time high of around 7.37 last Thursday.
"What matters is not the level of the exchange rate, but whether it is competitive," Albayrak said.
He added that malicious perception operations do not work on Turkey anymore as the country switched to a "national independence (economy) model".
Pointing to the rapid revival of the economy in May and June, Albayrak said Turkey will be among the least hit countries in the second quarter of this year due to the coronavirus pandemic.
"We will be one of the fastest normalized and recovered countries in the world," he said.
In the first quarter of 2020, Turkey's economy grew 4.5% year-on-year, according to TurkStat data. The first COVID-19 case was confirmed late in the first quarter.
All economic data shows Turkey's economic recovery is off to a strong start with the lifting of restrictions.
"On contrary to international institutions' forecasts which show a contraction of above 5%, we expect Turkish economy to grow between minus 2% and plus 1% this year, above the world average," Albayrak said. -



        Latest News
Qatar Affirms Its Position On Palestinian Issue 2 minutes ago...
Ending Israeli occupation, establishing Palestinian state with Jerusalem as capital essential to end conflict, says Doha.
Ligue 1: Paris Saint-Germain Hammer Nice 3-0 -13 minutes ago...
Kylian Mbappe, Angel Di Maria and Marquinhos' score a goal each.
Turkey Reports 1,519 New Coronavirus Cases 2 minutes ago...
1,116 patients recover from COVID 19 in past 24 hours, says Health Ministry.
D-8, World Tourism Forum Institute Ink Agreement 17 minutes ago...
WTFI aims to increase tourist traffic among D 8 members by 50%
6 Bodies Recovered From River In Uganda -13 minutes ago...
Among deceased is a mother and her year old baby, police say.

 
      Top News
Turkey Reports 1,519 New Coronavirus Cases Turkey Reports 1,519 New Coronavirus Cases
Espionage Charges Against Indian Journalist 'False' Espionage Charges Against Indian Journalist 'False'
2 Terrorists 'Neutralized' In Southeastern Turkey 2 Terrorists 'Neutralized' In Southeastern Turkey
Official: Palestinian Head Under Pressure To Talk To US Official: Palestinian Head Under Pressure To Talk To US
Saudi Arabia: 5 Wounded In Houthi Rocket Attack Saudi Arabia: 5 Wounded In Houthi Rocket Attack
Bangladesh, India Agree To Curb Border Killings Bangladesh, India Agree To Curb Border Killings
France Urges Turkey To Reopen 'Responsible Dialogue' France Urges Turkey To Reopen 'Responsible Dialogue'
Turkey Slams Russian Jail Sentences For Crimean Tatars Turkey Slams Russian Jail Sentences For Crimean Tatars
Congress Rejects Motion To Impeach Peruvian President Congress Rejects Motion To Impeach Peruvian President
Nigerian Forces Kill 16 Boko Haram Terrorists Nigerian Forces Kill 16 Boko Haram Terrorists