About our Turkish Economy news
Latest news on Turkey's economy, covering inflation, lira exchange rates, trade relations, financial policies, economic reforms, and central bank decisions.
Turkey's economy, the world's 19th largest by GDP, continues to navigate significant challenges and opportunities. The country's strategic location between Europe and Asia, combined with its diverse industrial base and young workforce of 85 million people, makes it a key player in regional and global markets.
Recent developments have centred around the Turkish Central Bank's monetary policy shifts, with interest rates adjusted to combat persistent inflation. The Turkish lira's exchange rate remains a focal point for investors and policymakers, while the government's economic programme emphasises reducing the current account deficit and attracting foreign investment. Trade relations with the EU, Turkey's largest trading partner, continue to evolve alongside expanding economic ties with Middle Eastern and Asian markets.
The economic situation has significant implications for Turkish citizens and businesses. Local entrepreneurs are adapting to changing market conditions, with many small and medium-sized enterprises exploring new opportunities in technology and manufacturing sectors. The tourism industry, a crucial source of foreign currency, has shown resilience with visitor numbers reaching record levels, particularly in Istanbul, Antalya, and Cappadocia.
Turkey's economic journey has been shaped by significant reforms since the 1980s, transitioning from a largely state-controlled system to a more market-oriented economy. The customs union agreement with the EU in 1995 marked a pivotal moment, leading to increased integration with European markets. The country's economic resilience was demonstrated during the 2008 global financial crisis, though subsequent years have brought new challenges in maintaining growth while ensuring financial stability.
Our NewsNow feed provides comprehensive coverage of Turkey's economic developments, drawing from trusted local and international sources. Whether you're an investor, business owner, or simply interested in understanding this dynamic economy, our feed delivers timely updates on monetary policy, market trends, and economic indicators that shape Turkey's financial landscape.