For the period from December to February, unemployment in Turkey reached 14.7%, noting the highest level in almost 10 years, according to official statistics. In the previous three months to January, unemployment was at the level of 13.5%. The most significant increase in unemployment was observed among young people between the ages of 15 and 24, this figure jumped to 26.7%. Experts note that the pressure on workers continues to have the consequences of the currency crisis in Turkey in 2018, when the lira fell by 30%. The decline in Turkey’s GDP in the fourth quarter was the most significant in almost 10 years. Thanks to a series of structural measures taken by the government to support the Turkish economy, inflation this year has fallen from last year’s high. A sharp decrease in the current account deficit was also recorded. However, the number of registered unemployed for 3 months increased by 1 million compared with the same period a year earlier and reached 4,670 thousand people.
Asian shares gain, on its way to second straight week04.02.2020
Reserve Bank of Australia keeps rate unchanged, sustains outlook level despite plagues03.02.2020
China’s industry reports first profit decline in 4 years27.01.2020
Japanese government bonds gain with 30-year yield hitting its lowest in 3 months