Economics
Turkey to Wield Competitive Lira in Economy’s Pivot After Virus
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Turkey can capitalize on the legacy of this year’s global health crisis by putting a competitive lira at the heart of a new strategy to move toward a more export-focused economy, according to Treasury and Finance Minister Berat Albayrak.
Albayrak said Turkey expects a spurt of economic growth in 2021. The lira, down over 20% against the dollar this year, may give Turkey an edge as it looks to reboot an economy long vulnerable to imbalances.