AlwaysFree: Turkish Finance Minister Expects 0.3% Economic Growth In 2020

As quoted by state-owned Anadolu news agency, Turkey’s newly-appointed Finance Minister Lutfi Elvan expected the country’s GDP to grow by 0.3% in 2020 supported by the recovery in consumption, investment, and exports. Under the former finance minister Berat Albayrak, Turkey’s medium-term economic programme projected a 0.3% growth this year but also forecasted a 1.5% contraction under a worst-case scenario. According to the news, Elvan said that Ankara would improve the investment environment for local and foreign entrepreneurs through structural reforms. Elvan was also quoted as saying that the government had a primary target to reduce inflation to single digits.