Turkey set for good year before economic reckoning, says dasha_reuters BVPredicts
Turkey will increase its net minimum wage by 15% to 2,325 Turkish lira a month in 2020, the labour minister said on Dec. 26.
The country’s central bank cut the main interest rate by 12 percentage points from 24% between July and December 2019. President Tayyip Erdogan’s government on Sept. 30 announced an ambitious economic agenda which targeted 5% economic growth in 2020. Finance Minister Berat Albayrak said on Dec. 3 that the lira’s recent stability and a decrease in imports helped “maintain the positive outlook in inflation” and meant Turkish inflation would be below 12% by the end of 2019.
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