Oguzhan Ozbas, the representative of the Central Bank of the Republic of Turkey, said that the country's economy had suffered slightly compared to other countries. As the pandemic ends, the economic situation will stabilize quickly.
In order to stimulate the economy, to soften the damage caused by the crisis and the financial problems that people faced due to the coronavirus pandemic, the government developed a plan called the "Shield of Economic Stability".
It consists of 20 articles:
The Statistical Institute of Turkey reports on the growth of the country's economy by 6% for the fourth quarter of 2019 and by 1%. GDP(Gross domestic product) in 2019 has increased by 14.9% and exceeded the amount of $ 656,000,000.
Bankers note the impact of coronavirus on tourism, trade and domestic demand and continue to monitor the situation in financial markets and jobs. To stabilize the situation and the easing of the exchange rate amid falling energy prices are expected.
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