The Minister of Treasury and Finance, Berat Albayrak, said they expect a V-shaped recovery in the second half of the year.
In an evaluation to Bloomberg News, Minister Albayrak pointed out that all leading indicators show that the worst is behind for Turkey, saying, “If there is no second wave in the pandemic, there could be a growth of over 5% in 2021.”
Albayrak noted that the Central Bank’s liquidity measures will be effective in reducing inflation, stating, “The Central Bank will continue to take necessary coordinated steps.”
Here are some notes from Minister Albayrak’s statements:
“All leading indicators show that the worst is behind for Turkey”
“We expect a ‘V’ shaped recovery in the second half”
“If there is no second wave in the pandemic, there could be a growth of over 5% in 2021”
“Liquidity measures will be effective in reducing inflation”
“5-10 year bond issuances will resume”
“We will ensure current account balance with a competitive exchange rate policy”
“The Central Bank will continue to take necessary coordinated steps.”
