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FinancialNews


  • 17-03-21

    Turkey plans to recuperate economic situation rapidly

    (MENAFN)Anadolu Agency quoted a leading economist at the European Bank for Reconstruction and Development as saying that Turkey has a tough economy and it plans to recuperate from the hits.

    "This is something we saw in 2009 following the global financial crisis, and also in 2016, following the coup attempt. Certainly, we saw the same thing last year when the economy bounced back quickly from the Coronavirus shock," further stated Roger Kelly, referring to Turkey's recovery in 2009 after the financial crises.

    Kelly also declared that Turkey is among the countries that posted positive increase in 2020, adding that comprehensive fiscal incentives were active in the enlargement.

    The recuperation has had a cost of macroeconomic constancy and that the wide employ of the central bank's treasury to hold up lira should be taken into consideration.

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