Policies implemented during coronavirus pandemic, ranging from supporting supply chains to providing $63B in aid, put Turkey on path to rapid economic normalisation
Turkish Finance Minister Berat Albayrak speaks during the presentation of the government's new medium-term economic programme, in Istanbul, Turkey, September 29, 2020.
The three-year economic road map is aimed at providing sustainable growth, reducing a budget deficit and decreasing the unemployment rate, all by 2023. The plan targets a 10.5 percent inflation rate for 2020 and aims to increase savings through strategic reforms in financial markets.Albayrak said many policy measures implemented during the Covid-19 pandemic allowed the country to enter a rapid economic stabilisation.
Turkey also provided $34.24 billion of loan financing and $6.08 billion in aid to 9 million citizens, he added.
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