Turkish currency and debt crisis

Short-term external debt stock at $118 bln in December

Turkey's short-term external debt stock amounted to $118.2 billion as of the end of December, fresh data showed on Feb. 20.

The country's external debt stock - maturing within one year or less - soared by 4.3 percent in December versus the end of 2018, according to the Central Bank of the Republic of Turkey (CBRT).

Industrial output rises 8.6 pct in December

Turkey's industrial production increased by 3.6 percent year-on-year in December 2019, data from the Turkish Statistics Institute (TÜİK) showed on Feb. 13.

In the month, all the three main sub-indices -- mining and quarrying, manufacturing, and the electricity, gas, steam and air conditioning -- rose by 9.8 percent, 9.1 percent and 0.3 percent, respectively.

Top Turkish business body expects higher growth in 2020

Turkish economy is projected to post higher growth this year, said the head of the Turkish Industry and Business Association (TÜSİAD) on Feb. 6.  

"The components of this growth forecast are comprised of the rise in public expenditures and especially the expansion in the balance sheets of public banks," Simone Kaslowski told a regular meeting of general assembly held in Istanbul.

Economic confidence index goes up in January

Confidence in the Turkish economy rose on a monthly basis to hit a 21-month high in January, Turkey's statistical authority announced on Jan. 29.

The economic confidence index went up 0.6 percent compared with the last month -- to 97.1 in January from 96.5 points in December, the Turkish Statistical Institute (TÜİK) said in a report.

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