The healthy advance of the economic balancing and the improvement in expectations have led to a surge in the sectoral confidence indices in services, retail and construction, reaching the highest level in the last one and a half years.
The Turkish economy was battered by the high currency volatility, geopolitical risks and the diplomatic tensions in the second half of 2018, consequently resulting in high inflation and interest rates, disrupting consumer expectations.
The series of measures and programs implemented by the economy administration have launched an economic balancing period, leading to a major drop in inflation and a 1,200-basis-point reduction in interest rates within the last five months.
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