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Goksel Asan, the finance office head of the presidency, told state-run news service Anadolu Agency that the Turkish economy would end the year with a moderate contraction, but he did not provide a figure.
4.0 Real Economy 4.1 Industrial production
4.2 Inflation
The official March annual inflation rate in Turkey has come in at 11.86% compared to February’s 12.37%.
“It’s possible that some governments may start to view inflation as a way of reducing the burden of debt accumulated as a result of the current crisis,” Shearing said on April 6 in comments under the title “How to think about the inflationary consequences of COVID-19”.
16 TURKEY Country Report May 2020 www.intellinews.com