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Turkish minister says economy on track despite slower growth

Mehmet Simsek, Turkey’s minister of finance, insists economic transformation is progressing despite recent market turbulence, highlighting disinflation
  • Return to orthodox policies
  • Fiscal consolidation strategy
  • Disinflation will boost economy

Turkey’s finance minister has said the country’s economic transformation was on track and that the country was prepared to deal with slower growth.

Finance minister Mehmet Simsek said that tighter financial conditions, lower oil prices and a weaker dollar were likely to be disinflationary, boosting the economy.

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