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Turkey announces tomorrow a new economic model .. and expectations of lower inflation

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rocky
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Turkey announces tomorrow a new economic model .. and expectations of lower inflation

Post by rocky on Fri 10 Aug 2018, 2:04 am


[size=32]Turkey announces tomorrow a new economic model .. and expectations of lower inflation[/size]

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[rtl]Turkey's finance ministry announced Thursday it would unveil what it called a "new economic model" as the local currency continued to deteriorate further.[/rtl]
[rtl]She said Finance and Treasury Secretary Berat Albirek would announce the "framework" of the model on Friday, according to the Associated Press.[/rtl]
[rtl]The ministry did not give further details on the new model, but expected inflation, currently close to 16 percent, to fall below 10 percent.[/rtl]
[rtl]The Turkish lira has lost 30 percent of its value since early 2018 and fell to a new record high of 5.43 against the dollar, down 2.5 percent from Wednesday's close.[/rtl]


[rtl]http://aletejahtv.com/archives/245769
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