Turkey's economy sank into a recession over the summer, with economic activity squeezed by high interest rates as the country's central bank sought to tame inflation. Gross domestic product shrank by ...
Turkey’s economy probably contracted on a quarterly basis for the first time since the Covid-19 pandemic as high interest rates start to bite. Data due Friday is expected to show a 0.2% decline ...
Turkey entered a technical recession in the ... whether to start cutting interest rates next month. The $1.3 trillion economy shrank by 0.2% quarter-on-quarter, the second consecutive decline ...