Turkish public debt stock decreases in Q1 2008

The statement said continuation of supply shocks, risks in regard to pricing and ongoing uncertainty perceptions were considered risk factors on inflation.

Turkish public debt stock decreases in Q1 2008
A meeting took place on Friday at Prime Ministry building in the capital Ankara under the chairmanship of Prime Minister Recep Tayyip Erdogan to assess recent developments in Turkish economy.

A statement was released after the meeting which lasted nearly 5 hours.

The statement said continuation of supply shocks, risks in regard to pricing and ongoing uncertainty perceptions were considered risk factors on inflation.

Supply shocks and uncertainties that have taken place in the global environment did not make a remarkable impact on Turkey in the first quarter of the year, but their impacts started to be felt in the second quarter, it said.

"Public debt stock nominally decreased in the first quarter of 2008 when compared to the end of 2007 and there has been a recovery in its risk structure," the statement said.

Upward trend that occurred in food and energy prices in 2008 was the major factor in inflation increase in Turkey as it happened in many other countries, the statement said.

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Güncelleme Tarihi: 30 Ağustos 2008, 14:15
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