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Tuesday, September 13 2011 , Your time is 15:58:00
Recent developments indicate the resilience of the Turkish economy and supportive fiscal and macro-prudential policies have mitigated the downside risks on economic activity, Central Bank Governor Murat Çetinkaya said April 20.
Moody’s has revised up its 2017 and 2018 growth forecasts for Turkey following a stronger-than-expected 2016 growth data, but added that Turkey’s economic rebound would unlikely last without the realization of key structural reforms.
ISTANBUL - Reuters
Turkish gold imports rose 17-fold to 28.2 tons in March, as citizens looking to hedge currency risk ahead of a referendum followed President Recep Tayyip Erdoğan’s calls to buy gold instead of dollars.
TEHRAN - Agence France-Presse
Iran’s President Hassan Rouhani defended his economic record in a press conference on April 10 but stopped short of formally announcing his candidacy for next month’s presidential election.
ANKARA - Reuters
Turkey is taking steps to give its Central Bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings.
ANKARA - Anadolu Agency
Turkey’s calendar-adjusted industrial production rose one percent in February 2017 compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on April 10.
The Central Bank has stated that the rise in food prices was the main factor behind the historic rise in annual inflation in March, adding that some increases were seen in furniture and home appliance prices despite “temporary tax cuts.”
Two Doğan Media Group companies, Hürriyet Gazetecilik A.Ş. and Doğan Gazetecilik A.Ş., released separate statements to the Public Disclosure Platform (KAP) on April 10, saying that reports on the “sale of daily Hürriyet and daily Posta do not reflect the truth.”
ANKARA/ANTALYA - Anadolu Agency
A right policy mix is essential for countries to cope with or avoid economic shocks, the Turkish Central Bank Governor said April 3.
Neşe Karanfil - ANKARA
The Turkish government has extended tax cuts on home appliances and furniture for a further five-month period in a bid to stir sluggish consumer demand, Prime Minister Binali Yıldırım stated on April 10
Turkey’s annual inflation hit its highest in more than nine years in March, surging 11.29 percent, as the prices of food, transportation and alcohol all showed double-digit increases, official data showed on April 3.
VALLETTA - Reuters
European Union finance ministers admitted on April 8 that the world’s 20 biggest economies (G-20) will miss their target of generating additional economic growth through reforms by 2018 and called for reflection on why they have failed.
Turkey's economy expanded at a rate of 2.9 percent in 2016, the Turkish Statistical Institute reported on on March 31.