Source: Türkiye İş Bankası

Turkey’s economic outlook on weekly basis based on main indicators, monetary policy and anticipatory meetings.

Global markets have remained under pressure due to the coronavirus emerged in China and spreading to other countries. While the ECB and BoJ did not change their current monetary policies, they reaffirmed their commitment to support economic activity. Davos summit was also watched closely last week. While climate change was at the top of the summit agenda, US President Trump’s statements on relations with China were followed. Last week, data agenda was calm in Turkey. Domestic markets showed a broadly positive performance.

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