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Friday
03
Apr 2026
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Athens 14°C

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Unfazed by lira’s decline, Turkey persists with lowering interest rates

The domineering president has eroded central bank independence to exert more control over the economy

Inflation outlook unchanged, Turkey tees up more rate cuts

Relative stability

IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off

The Fund released its annual World Economic Outlook report

Erdogan tries to ease the pain of Turkey’s bad economy but it’s still hurting

Unemployment and inflation have hit double digits while rising prices, especially at the vegetable markets, have become a national obsession

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