About: http://data.cimple.eu/news-article/36f0bd418c51fa76827cab20b63b86a47f72b9f385823dee127eae74

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/36f0bd418c51fa76827cab20b63b86a47f72b9f385823dee127eae74 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Turkey's economy shrank by 9.9 percent between April and June compared to the same period last year, the first reading since the onset of the coronavirus pandemic showed Monday. The drop was smaller than the 10.7 percent contraction forecast in a survey by Bloomberg and less severe than those experienced in other big emerging markets. It was also largely in line with the economic slowdowns experienced across Europe once weeks-long national lockdowns were imposed in March. The Turkish economy grew by 4.5 percent in the first three months of the year as the country fought its way back from a deep economic crisis in 2018. The pandemic forced the Turkish central bank to sharply cut interest rates and inject cash into the economy to help businesses and households survive. But those measures are now taking a toll. The Turkish lira has lost roughly fifth of its value against the dollar this year and annual inflation is hovering around 12 percent. The central bank has responded by tightening access to credit without raising the main interest rate -- a political sore point for Turkish President Recep Tayyip Erdogan. The measures are aimed at slowing down inflation and improving the appeal of Turkish bonds and other financial instruments. But foreign investors are still pulling out of the Turkish market and the central bank is burning through its hard currency reserves to support the lira. Investors are worried that Turkey may be forced to impose currency controls and raise tariffs on imports to raise dollars and euros. Erdogan rejects economic consensus and believes higher interest rates cause inflation. zak/raz/jxb
schema:headline	Virus-hit Turkish economy shrinks by 9.9%
schema:mentions	Zak Dingle Bloomberg News Interest rate President of Turkey Turkish lira Impose (magazine) Inflation Recep Tayyip Erdoğan United States dollar Turkey European Union Pandemic Coronavirus Foreign exchange controls Central Bank of the Republic of Turkey Economy of Turkey Hard currency The Drop (film) Emerging market
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-31 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software