Turkey's econom­y slippe­d into its first recess­ion in decade after a curren­cy crisis last year batter­ed liraISTANBUL: Turkey’s President Recep Tayyip Erdogan on Thursday criticised Western media coverage of the country’s economy after a Financial Times report questioned the central bank’s management of foreign currency reserves. Turkey’s economy has slipped into its first recession in a decade after a currency crisis last year battered the lira, leaving foreign investors jittery over the government’s policies to manage growth. Reported net foreign reserves held by Turkey's central bank stood at $28.1bn in early April. The Financial Times writes some things. But the situation in my country is clear.”The Turkish leader has in the past attacked Western media coverage on the country’s economy.

Source: The Express Tribune April 18, 2019 13:12 UTC