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Textiles

Prime Content | 
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
Pic: Adobe Stock

Insights

  • Türkiye's economic strategy, aimed at tackling severe inflation and stabilising the economy, involves maintaining high interest rates (50 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.
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