Turkey has scored 71 out of 188 countries on the Human Development Index (HDI) for 2016, according to the United Nations Development Programme’s (UNDP) latest Human Development Report.
Moody’s Investors Service has taken rating actions on 17 Turkish banks, changing the ratings outlook from stable to negative on 14 of the lenders.
Moody’s late on March 17 cut its outlook on Turkey’s rating to “negative” as risks to the country’s credit profile have “risen materially” in recent months
Turkey’s unemployment rate hit 12.7 percent in December 2016, the highest since March 2010, while youth unemployment stood at 24 percent, official data from the Turkish Statistics Institute (TÜİK) showed on March 15
Turkey’s annual inflation rate was 10.13 percent in February, according to Turkish Statistical Institute (TÜİK) figures released on March 3.