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Turkey’s Finance Minister Sees Economy Staging V-Shaped Recovery

  • Finance minister asks banks not to prioritize profit targets
  • State-owned lenders are offering loans below inflation rate
An employee cleans the terrace tables of the Elma Pub cafe ahead of opening following the easing of lockdown in Istanbul, on June 1.

An employee cleans the terrace tables of the Elma Pub cafe ahead of opening following the easing of lockdown in Istanbul, on June 1.

Photographer: Kerem Uzel/Bloomberg

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Turkey’s Treasury and Finance Minister Berat Albayrak said he expects a V-shaped recovery in the economy as domestic demand improves.