Türkiye's Economic Revival Plan: Implications for the Textile Industry
22 May '24
89 min read
Türkiye's Economic Revival Plan: Implications for the Textile Industry
Insights
Türkiye's economic strategy, aimed at tackling severe inflation and stabilising the economy, involves maintaining high interest rates (**** per cent since March 2024) and cutting public spending.
This policy shift will affect many sectors, especially the textile industry, which has suffered from high raw material costs and reduced exports in recent years.
Türkiye's economic strategy, aimed at tackling severe inflation and stabilising the economy, involves maintaining high interest rates (** per cent since March ****) and cutting public spending.
This policy shift will affect many sectors, especially the textile industry, which has suffered from high raw material costs and reduced exports in recent years.
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