Turkey’s incomes circle the drain - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Mehmet Cetingulec

Mehmet Cetingulec

Jul 15, 2015

International Monetary Fund (IMF) Managing Director Christine Lagarde (L) chats with Turkey's Deputy Prime Minister Ali Babacan (R) and Turkish Central Bank Governor Erdem Basci (C) during a family photo session at the G20 finance ministers and central bank governors meeting in Istanbul February 10, 2015. The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook f — International Monetary Fund Managing Director Christine Lagarde (L) chats with Turkey's Deputy Prime Minister Ali Babacan (R) and Turkish Central Bank Governor Erdem Basci (C) during a photo session at the G-20 finance ministers and central bank governors meeting in Istanbul, Feb. 10, 2015. — REUTERS/Murad Sezer

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Ford Tourneo Courier light commercial vehicles are seen at the Ford Otosan Yenikoy car plant in Kocaeli May 22, 2014. REUTERS/Murad Sezer (TURKEY - Tags: TRANSPORT BUSINESS) - RTR3QFUD

Turkey missed its key economic targets in 2014

Mehmet Cetingulec

Mehmet Cetingulec

Turkey's Economy Minister Nihat Zeybekci speaks during an interview with Reuters in Ankara August 11, 2014. Turkey's government will maintain its calls for lower interest rates following Prime Minister Tayyip Erdogan's victory in the country's first direct presidential election, the economy minister said on Monday. Zeybekci told Reuters in an interview that the central bank's core mandate for price stability should be expanded to include employment and growth, although he added this would not be a top prior

Turkey’s economic growth fizzles

Mehmet Cetingulec

Mehmet Cetingulec

Turkey's lira coins are seen in this picture illustration taken in Istanbul July 23, 2013. Turkey's central bank raised interest rates on Tuesday and said it would, if necessary, take further steps to stop the lira from falling. The move - a rise in the overnight lending rate to 7.25 percent from 6.5 percent - was a reaction to capital outflows that have knocked the lira down as much as 9 percent against the dollar. REUTERS/Osman Orsal (TURKEY - Tags: BUSINESS) - RTX11W1Y

Turkey’s Babacan Warns Of Financial Turmoil

Yasemin Çongar

Yasemin Çongar

Pedestrians walk on Istiklal Street, the main shopping street in Istanbul, on the fourth day of the Eid-al-Adha holiday on July 23, 2021.

Turkey’s record growth rate belies murky economic prospects

Mustafa Sonmez

In Istanbul, reporting on economics