“Green shoots” of recovery must be handled gently
The global economy is still in uncharted waters, said Durmus Yilmaz, governor of the Central Bank of Turkey, but added that "green shoots" of recovery had begun to emerge.
The pressure of having to ward off recession while also needing to curtail high levels of public debt creates a delicate situation, which must be carefully handled, he added.
Turning to the domestic economy, he said Turkey experienced a sharp contraction in late 2008 and 2009 after 27 consecutive growth quarters. The central
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