TURKEY: Mehmet Simsek: 'We are working towards a new model for traffic insurance'
On the performance of Turkish economy in the first 1.5 month of the year, Mr. Simsek noted that the data weighs heavy on the side of growth and the loss in the value of Turkish Lira is now having consequences on the exports and said: "As there is still a slight uncertainty, investments are still not that strong. We anticipate that investments will be stronger by April. When it comes to domestic consumption, the analysis is not that bad. Looking into the tax revenues for January, we can see a moderate growth in domestic demand. The situation is not disastrous as it is felt, however, not strong as we anticipated. It is favorable to see a moderate growth. The market will be driven even more after the uncertainty of referendum is relieved." Read the full story