Turkey’s Finance Minister Elvan expects double-digit GDP growth in Q2

Dhwani Mehta FXStreet

Turkey’s economy is expected to see a double-digit growth rate in the second quarter of this year, the country’s Finance minister Lutfi Elvan said in a televised NTV interview on Monday.

Additional quotes

“Growth in Q1 2021 was around 5%.”

“Expect double-digit growth in Q2.”

“The fight against inflation, which rose above 16% last month, was a priority.”

USD/TRY attempts a recovery

USD/TRY has erased losses to now trade flat around 8.0550, shrugging off the ongoing sell-off in the US dollar across the board.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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