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Government goes to investors to cool economy down

5 9 0

Treasury and Finance Minister Berat Albayrak signaled cuts in public spending to fight inflation and cool the economy down during a meeting with top business representatives in Istanbul on July 24.

In a statement he made after the meeting, Albayrak said he wanted to listen to Turkish investors about their views on fighting inflation, sustainable and healthy growth, budget discipline and spotting Turkey’s potential in the new period, referring to the new presidential government system that was officially introduced after the June 24 elections. Albayrak also said the new Medium Term Plan under preparation would focus on lowering the inflation rate.

His remarks came after the inflation rate hit a 14-year high in June, reaching 15.39 percent. The current account deficit is........

© Hürriyet Daily News